Cash Flows From Financial Statement Data. The following statement of income and selected balance sheet data are given for the Lichtman Company:

\section*{Required:}
1. How much cash did Lichtman pay to suppliers for purchases in 1999 ?
2. Prepare an operating section of the cash-flow statement.
3. How much did Lichtman pay in cash dividends?

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Sales... Income Statement for the Year Ended December 31, 1999 Cost of goods sold... Gross profit...... Operating expenses: Depreciation expense. Cash expenses... Net income before taxes Tax expense. Net income $450,000 300,000 $150,000 $ 10,000 90,000 100,000 $ 50,000 20,000 $ 30,000 December 31 December 31 1999 1998 1999 1998 Cash $ 10,000 $ 6,000 Accounts payable... $30,000 $22,000 Accounts receivable .. 90,000 80,000 Taxes payable... 4,000 6,000 Inventory 60,000 55,000 Retained earnings 60,000 55,000