Computation of Operating Cash Flows
the Financial Statements of Custom

Computation of operating cash flows
The financial statements of Custom Corporation provide the following information for the current year:
$$\begin{array} { | l | r | r | } \hline & \begin{array} { c } \text { End of } \\\text { Year }\end{array} & \begin{array} { c } \text { Begirning of } \\\text { Year }\end{array} \\\hline \text { Accounts receivable } & \$ 201,000 & \$ 221,000 \\\hline \text { Irventory } & \$ 249,000 & \$ 233,000 \\\hline \text { Short-tem prepayments } & \$ 12,000 & \$ 9,500 \\\hline \text { Accounts payable (for irventory) } & \$ 177,000 & \$ 170,000 \\\hline \text { Accrued operatirg expenses payable } & \$ 25,500 & \$ 33,200 \\\hline \text { Accrued income taxes payable } & \$ 12,600 & \$ 15,500 \\\hline \text { Net sales } & \$ 801,000 & \\\hline \text { Cost of goods sold } & \$ 465,000 & \\\hline \text { Operating expenses (including depreciation of } \$ 40,000 ) & \$ 300,000 & \\\hline \text { Income taxes expense } & \$ 39,000 & \\\hline\end{array}$$ Using this information, compute for the current year:
$\begin{array}{|l|l|}\hline \text { (a) Cash receipts from customers } & \$\_\_\_\_ \\\hline \text { (b) Cash payments for purchases of inventory } & \$ \_\_\_\_\\\hline \text { (c) Cash payments for operating expenses } & \$\_\_\_\_ \\\hline \text { (d) Income taxes paid } & \$ \_\_\_\_\\\hline\end{array}$