Use the following information to answer questions (a) through (c) below.

a. How much cash was received from customers during 2020?

b. How much cash was paid for merchandise during 2020?

c. How much cash was paid for operating expenses during 2020?

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Drinkwater Inc. Drinkwater Inc. Income Statement Comparative Balance Sheet Information For Year Ended June 30, 2020 June 30 $234,000 Sales 2020 2019 $ 42,900 26,000 156,000 $ 78,000 $17,500 Cost of goods sold. Cash. Accounts receivable (net) Gross profit. 21,000 43,400 3,200 Operating expenses: Depreciation expense. Inventory.. 48,400 Prepaid expenses. $19,300 2,600 Other expenses. Total operating expense. Profit from operations. 28,500 Furniture. 55,000 60,000 47,800 Accumulated depreciation. 9,000 5,000 $ 30,200 Accounts payable. 8,000 11,000 Incom 12,300 $ 17,900 Wages payable. 5,000 3,000 taxes. Income taxes payable. Notes payable (long-term).. Profit 1,200 1,800 15,000 35,000 115,000 Common shares. 90,000 Retained earnings. 17,300 3,700