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4. Vandalia Company reports the following selected information at year-end: Sales revenue Interest revenue Cost of goods sold Wages expense Depreciation expense Other (cash) operating
4. Vandalia Company reports the following selected information at year-end: Sales revenue Interest revenue Cost of goods sold Wages expense Depreciation expense Other (cash) operating expenses Proceeds from sale of equipment $1,500,000 12,000 720,000 560,000 86,000 190,000 74,000 Accounts receivable Interest receivable Inventory Accounts payable Wages payable Using the direct method, calculate the following: (18%) Beginning of Year $110,000 8,400 442,000 66,000 52,000 End of Year $ 98,000 6,800 450,000 76,000 36,000 (1) Cash collected from customers. (2) Cash collected from interest. (3) Cash paid to suppliers. (4) Cash paid for wages. (5) Cash paid for other operating expenses. (6) Net cash flow provided from operating activities
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