1 Balance Sheets December 31, 2019 December 31, 2020- Assets Cash $600 $1,100 Accounts Receivable 1,200 3,000 Inventory 800 1,000 Accounts Payable- 800 1,600 Retained Earnings 4,400 5,300 Income Statement- Fiscal year 2020- $13,000 Sales Revenues Cost of Goods Sold 6,800 Net Income $1,400 Required 1. Determine the cash collected from customers for the sales during 2020. 2. Determine the cash paid to purchase inventory during 2020. 3. Determined the cash paid as dividend during 2020 4. Indicate how the changes in accounts receivable and accounts payable will be adjusted in the statement of cash flow when the indirect method is used for operating cash flow of 2020