The income statement for Electronic Wonders reports net sales of $91,638 million and cost of goods sold of $69,158 million. An examination of balance sheet amounts indicates accounts receivable increased $1,721 million, inventory increased $871 million, and accounts payable to suppliers decreased $1,955 million. Required: Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. (Enter your answers in millions (i. e., $10,100,000 should be entered as 10.1).)

(1) Cash received from customers

Particulars                                          Amount'm

Net sales                                                   $91,638

Less: Increase in accounts receivable    $(1,721)  

Cash received from customers              $89,917

(2) Cash paid to suppliers

Particulars                                          Amount'm

Cost of Goods sold                                 $69,158

Add: Increase in inventory                      $871

Add: Decrease in accounts payable      $1,955  

Cash paid to suppliers                           $71,984

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