Refer to the information for McGregor Corp. in P5-4.

Required:
1. Compute the following amounts:

a. Cash collected from customers

b. Cash paid to suppliers of merchandise

c. Cash paid for general expenses 2. Prepare a statement of cash flows for McGregor Corp. for the year ended December 31, 2012. Use the direct method to report cash flows from operating activities.
3. What additional information does the statement of cash flows provide that is not available on either the statement of financial position or the income statement?