The following selected information is taken from the general ledger of Carnival Limited:

(a) Sales revenue ................................................... $160,000

Accounts receivable, January 1 ......................................16,000

Accounts receivable, December 31 .................................14,000

(b) Cost of goods sold .............................................. $96,000

Merchandise inventory, January 1 ................................... 9,200

Merchandise inventory, December 31..............................10,900

Accounts payable, January 1........................................ 11,500

Accounts payable, December 31 .................................... 10,700

(c) Salaries expense ................................................. $35,000

Salaries payable, January 1 ............................................ 500

Salaries payable, December 31 ....................................... 675

(d) Operating expenses ........................................... $50,000

Accrued expenses payable, January 1 ..............................4,200

Accrued expenses payable, December 31..........................3,900

Prepaid expenses, January 1 .........................................2,600

Prepaid expenses, December 31.....................................2,150

Instructions

Using the above information and the direct method, calculate the

(a) Cash receipts from customers,

(b) Cash payments to suppliers,

(c) Cash payments to employees, and

(d) Cash payments for operating expenses?