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. Determine the missing amounts for each of the following independent cases:

LO5 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 $ 80,000 Inventory, end of year 55,000 Accounts payable, beginning of year 25,000 Accounts payable, end of year 15,000 Cost of goods sold 175,000 Cash payments for inventory (assume all purchases of inventory are on account) ?

Case 3 Prepaid insurance, beginning of year $ 17,000 Prepaid insurance, end of year 20,000 Insurance expense 15,000 Cash paid for new insurance policies ?

Case 4 Income taxes payable, beginning of year $ 95,000 Income taxes payable, end of year 115,000 Income tax expense 300,000 Cash payments for taxes ?

AppendixLO1