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How much cash was paid for operating costs

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Question - The X Company presented the following balance sheet information as of December 31, 2018 and 2019. Assume that all accounts have normal balances.

 

12/31/18

12/31/19

Accounts receivable (trade customers)

579000

450000

Prepaid costs

95000

127000

Unearned revenue (trade customers)

88000

45000

Accrued liabilities

108000

69000

Revenue earned from its trade customers in 2019 totaled 1790000. Total operating expenses were 1342000. Assume no writes off account receivable occurred during 2019.

How much cash was paid for operating costs during 2019?

How much cash was received from customers during 2019?

Reference no: EM132535516

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