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Additional information: 1. Los Lobos purchased $10,410 in equipment during 2014. 2. Los Lobos allocated one-third of its depreciation expense to selling expenses and the
Additional information:
1. | Los Lobos purchased $10,410 in equipment during 2014. | |
2. | Los Lobos allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. | |
3. | Bad debt expense for 2014 was $5,070, and write-offs of uncollectible accounts totaled $4,550. |
Determine what amounts Los Lobos should report in its statement of cash flows for the year ended December 31, 2014, for the following items.
a. Cash collected from customers
b. Cash paid to suppliers.
c. Cash paid for interest.
d. Cash paid for income taxes.
e. Cash paid for selling expenses.
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