Compute the following items for the cash flow statement: a. Beginning Accounts Receivable $30,000 b. Cost of goods sold Ending Accounts Receivable 31,000 Beginning Inventory balance Credit sales for the period 135,000 Ending Inventory balance Canh collections Beginning Accounts Payble Ending Accounts Payable Cash payments for inventory $ 120,000 55,000 60,000 16,000 20,000 2 2 a. Cash collections from customers were b. Cash payments for inventory were $