Use the following information to answer questions (a) through (e) below.

a. How much cash was received from customers during 2020?

b. How much cash was paid for merchandise during 2020?

c. How much cash was paid for operating expenses during 2020?

d. How much cash was paid for income taxes during 2020?

e. Calculate the cash inflows (outflows) from operating activities using the direct method.

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Skate Corp. Income Statement For Year Ended November 30, 2020 Skate Corp. Comparative Balance Sheet Information November 30 Sales 2020 2019 $500 Cost of goods sold.. Gross profit.. Operating expenses: Depreciation expense. Other expenses. Total operating expenses Profit from operations. 190 $310 $ 25 $ 5 20 95 Cash. Accounts receivable (net). 46 80 30 Inventory. Prepaid rent. Equipment (net). Accounts payable. Accrued liabilities. Income tax payable. Common shares Retained earnings. $ 20 15 320 300 40 200 220 22 35 50 $ 90 10 $ 80 Income tax expense Profit 100 299 100 281