Black Hawks Inc. maintains accounting records on a cash basis. The following information is provided for...

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Black Hawks Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Decrease in Wages Payable from 1/1 to 12/31 Cash Collected from Customers 12/31 Accounts Receivable 12/31 Accounts Payable Cash paid to vendors 1/1 Accounts Payable 1/1 Accounts Receivable 12/31 Prepaid Expenses Cash Paid for Expenses 1/1 Prepaid Expenses Increase in Inventory from 1/1 to 12/31 Cost of Goods Sold for 2018 is: Select one: O a. $61 O b. $63 O c. $58 O d. $57 O e. $56 4 100 5 2 60 5 8 7 30 2 1 Black Hawks Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Decrease in Wages Payable from 1/1 to 12/31 Cash Collected from Customers 12/31 Accounts Receivable 12/31 Accounts Payable Cash paid to vendors 1/1 Accounts Payable 1/1 Accounts Receivable 12/31 Prepaid Expenses Cash Paid for Expenses 1/1 Prepaid Expenses Increase in Inventory from 1/1 to 12/31 Cost of Goods Sold for 2018 is: Select one: O a. $61 O b. $63 O c. $58 O d. $57 O e. $56 4 100 5 2 60 5 8 7 30 2 1