4,000 16) Under the accrual basis, rental income of Lion's Pride Company for the current calendar year is P60,000. Additional information regarding rental income are: Accrued rental income, December 31 Accrued rental income, January 1 3,000 Unearned rental income, December 31 7,500 Unearned rental income, January 1 5,000 How much actual cash rental was received by Lion's Price Company in the current year? Page2of3 17) The following data are from a comparison of the balance sheets of Obliterate Company as of December 31, 2016 and December 31, 2015: Accounts receivable Increase 7,600 Inventory Decrease 4,500 Accounts payable Increase 2,400 The following data are from Obliterate's 2016 income statement: Sales Cost of goods sold 200,000 110,000 How much cash was paid for inventory purchases