Balance Sheet Year 1 Year 2 Year 3 Assets Cash 50,000 40,000 92,000 Prepaid Insurance 6,000 3,000 6,000 Accounts Receivable 25,000 45,000 30,000 Inventory 10,000 10,000 39,000 Building 100,000 100,000 - Accumulated Depreciation 25,000 30,000 - Book Value of Building 75,000 70,000 - Investments - - 10,000 Total Assets 166,000 168,000 177,000 Liabilities Accounts Payable 25,000 15,000 40,000 Notes Payable 80,000 - 10,000 Interest Payable 4,000 1,000 - Total Liabilities 109,000 16,000 50,000 Owners Equity Retained Earnings 50,000 75,000 50,000 Stock 7,000 77,000 77,000 Total Owners Equity 57,000 152,000 127,000 Total Liabilities & Owners Equity 166,000 168,000 177,000 Income Statement Year 2 Year 3 Revenues 120,000 150,000 COGS 65,000 75,000 Gross Profit 55,000 75,000 Insurance Expense 3,000 3,000 Depreciation Expense 5,000 5,000 Interest Expense 1,000 2,000 Net Income 46,000 65,000 Using the attached Balance Sheet (Beginning Balance = Year1 and Ending Balance = Year2) and Income Statement from Year 2, what is Cash Received from Customers? Using the attached Balance Sheet (Beginning Balance = Year1 and Ending Balance = Year2) and Income Statement from Year 2, what is Cash Paid for Insurance? Please enter a positive number, even though it represents cash paid. Using the attached Balance Sheet (Beginning Balance = Year1 and Ending Balance = Year2) and Income Statement from Year 2, what is Cash Paid for Inventory? Please enter a positive number, even though it represents cash paid. Using the attached Balance Sheet (Beginning Balance = Year1 and Ending Balance = Year2) and Income Statement from Year 2, what is Cash Paid for Property Plant & Equipment (which means Building for this problem)? Please enter a positive number, even though it represents cash paid. Using the attached Balance Sheet (Beginning Balance = Year1 and Ending Balance = Year2) and Income Statement from Year 2, what is Cash Paid to Owners (dividends)? Please enter a positive number, even though it represents cash paid. Using the attached Balance Sheet (Beginning Balance = Year1 and Ending Balance = Year2) and Income Statement from Year 2, what is Cash Paid to Owners (dividends)? Please enter a positive number, even though it represents cash paid. Using the attached Balance Sheet (Beginning Balance = Year1 and Ending Balance = Year2) and Income Statement from Year 2, what is Cash Paid to Owners (dividends)? Please enter a positive number, even though it represents cash paid