Assuming the following data, compute:

1. Cash collected from customers

2. Cash paid for wages and salaries

3. Cash paid for inventory purchases

4. Cash paid fortaxes

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Balance Sheet Income Statement Beg. of Year End of Year Amount for Year Sales revenue $450,000 Accounts receivable (net) $28,000 S33,000 Wages and salaries expense Wages and salaries payable Cost of goods sold. Accounts payable.. Inventory. Income tax expense Income taxes payable. 95,000 11,000 8,000 220,000 23,500 22,000 21,000 25,000 40,000 19,000 20,500