Compute the following items for the cash flow statement:

a. Beginning Accounts Receivable....................................$25,000

Ending Accounts Receivable.............................................21,000

Credit sales for the period...............................................100,000

Cash collections..................................................................?

b. Cost of goods sold...................................................$80,000

Beginning Inventory balance............................................20,000

Ending Inventory balance...............................................16,000

Beginning Accounts Payable............................................12,000

Ending Accounts Payable................................................8,000

Cash payments for inventory..................................................?