51. Use the financial statement information on the attachment for the Blues Company. What was cash received from customers in 20X8?

A. $428,000

B. $432,000

C. $441,000

D. $445,000

E. None of the above.

52. Use the financial statement information on the attachment for the Blues Company. What was cash paid to suppliers in 20X8?

A. $100,000

B. $126,000

C. $194,000

D. $220,000

E. None of the above.

53. Use the financial statement information on the attachment for the Blues Company. What was cash paid for rent in 20X8?

A. $24,000

B. $26,000

C. $42,000

D. $44,000

E. None of the above.

54. Use the financial statement information on the attachment for the Blues Company. What was cash paid for taxes in 20X8?

A. $26,000

B. $39,000

C. $42,000

D. $46,000

E. None of the above.

55. Use the financial statement information on the attachment for the Blues Company. What was cash received from sale of equipment in 20X8?

A. $33,000

B. $39,000

C. $57,000

D. $63,000

E. None of the above.

56. Use the financial statement information on the attachment for the Blues Company. What was the amount of dividends declared in 20X8?

A. $65,000

B. $71,000

C. $77,000

D. $105,000

E. None of the above.

57. Use the financial statement information on the attachment for the Blues Company. What was cash paid for dividends in 20X8?

A. $65,000

B. $71,000

C. $77,000

D. $99,000

E. None of the above.

58. Use the financial statement information on the attachment for the Blues Company. What was cash from operating activities in 20X8?

A. $156,000

B. $188,000

C. $216,000

D. $278,000

E. None of the above.

59. Use the financial statement information on the attachment for the Blues Company. What was cash for investing activities in 20X8?

A. $438,000

B. $511,000

C. $517,000

D. $662,000

E. None of the above.

60. Use the financial statement information on the attachment for the Blues Company. What was cash from financing activities in 20X8?

A. $242,000

B. $286,000

C. $294,000

D. $327,000

E. None of the above.

Answer questions 5160 using these financial statements shown below. Adi Lar Equipment costing $120,000 with accumulated depreciation of $72,000 was sold. Cash dividends were declared and paid