10.00 points The following information was reported by three companies. When completing the requirements, assume that any and all purchases on account are for inventory Bikes Campus Cost of goods sold Inventory purchases from suppliers made 243 5384 234 285 217 sing caE Inventory purchases from suppliers made 217 on account Cash payments to suppliers on account Beginning inventory Ending inventory Beginning aocouts payable Ending accounts payable 150 284 159 137 205 Required: 1. What amount did each company deduct on the income statement related to inventory? 2. What total amount did each company pay out in cash during the period related to inventory purchased with cash and on account? Total Cash Paid 3. By what amount do your answers in requirements 1 and 2 differ for each company? (Any negative amounts should be indicated with a minus sign.) Difference 4. By what amount did each company's inventory increase (decrease)? By what amount did each company's accounts payable increase (decrease)? Accounts Payable 5. Using tha indirest mathod of prosentation, what amount s) must each company add (deduct) from nat incoma to convart from acerual to cash basis? (Any negative amounts should bo indicated with a minus sign. Accounts Payable Total