7) The following information was taken from th Corporation: hommation was taken from the 2015 financial statements of Jenny Garan Inventory, January 1, 2015 Inventory. December 31, 2015 Accounts payable, January 1, 2015 Accounts payable, December 31, 2015 Cost of goods sold $ 90,000 120,000 75.000 120,000 400.000 If the direct method is used in the 201 Gardner report as cash payments to suppliers? ethod is used in the 2015 statement of cash flows, what amount should Jenny a. b. c. d. $385.000 $415,000 $445,000 $475,000 8) Kaniper Company has the following balances at December 31, 2017: Cash in checking account Petty cash Check from customer dated 01/31/2018 Certificates of Deposits, maturing in 1-5 years US Treasury bill purchased 12/1/2017, maturing 2/20/2018 US Treasury bill purchased 3/1/2017, maturing 1/20/2018 Cash in bond sinking fund account $15,000 250 350 250,000 40,000 36,000 60,000