Brinkerhoff Inc. had the following operating balances for 2008:

All purchases of inventory were on account.

Brinkerhoff provides the following income statement information for 2008:

Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 980,000

Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .  . . . . . . . . . . . . . . . . . . . (400,000)

Other expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (136,000)

Depreciation expense . . . . . . . . . . . . . .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (107,000)

Loss on sale of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,000)

Net income . . . . . .  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $325,000

Compute cash from operations.

December 31, 2008 January 1, 2008 Accounts Payable. Inventory Accounts Receivable $57.200 34.400 84,000 $69,500 37,300 89,500