Determination of Missing Amounts—Cash Flow from Operating Activities The computation of cash provided by operating activities requires analysis of the noncash current asset and current liability accounts. Using T accounts, determine the missing amounts for each of the following independent cases:

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Case 1 Accounts receivable, beginning of year $150,000 Accounts receivable, end of year 100,000 Credit sales for the year 175,000 Cash sales for the year 60,000 Write-offs of uncollectible accounts 35,000 Total cash collections for the year (from ? cash sales and collections on account) Case 2 Inventory, beginning of year Inventory, end of year Accounts payable, beginning of year Accounts payable, end of year Cost of goods sold Cash payments for inventory (assume all purchases of inventory are on account) Case 3 Prepaid insurance, beginning of year Prepaid insurance, end of year Insurance expense Cash paid for new insurance policies Case 4 Income taxes payable, beginning of year Income taxes payable, end of year Income tax expense Cash payments for taxes $ 80,000 55,000 25,000 15,000 175,000 ? $ 17,000 20,000 15,000 ? $ 95,000 115,000 300,000 ?