Fuchsia Toy Company reported the following comparative balance sheet: 

Requirements

1. Compute the collections from customers during 2025 for Fuchsia Toy Company. Net Sales Revenue totaled $134,000. 

2. Compute the payments for inventory during 2025. Cost of Goods Sold was $79,000.

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Current Assets: Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Long-term Assets: Plant Assets, Net Investments Total Assets Current Liabilities: Accounts Payable Salaries Payable Accrued Liabilities Long-term Liabilities: Notes Payable FUCHSIA TOY COMPANY Comparative Balance Sheet December 31, 2025 and 2024 Total Liabilities Assets Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 2025 $ 17,000 59,000 78,000 3,100 227,000 75,000 $ 459,100 $ 43,000 24,500 5,000 60,000 132,500 42,000 284,600 326,600 $ 459,100 2024 $ 11,000 49,000 84,000 2,100 189,000 85,000 $ 420,100 $ 38,000 19,000 13,000 70,000 140,000 39,000 241,100 280,100 $ 420,100