Blackboard x 0 Remaining Time: 1 hour, 58 minutes, 38 seconds. Question Completion Status: 12 4 5 6 7 8 9 10 11 12 Question 6 2020 $430,000 Accumulated depreciation of PPE The following comparative statement of financial position for Dubai Co. is given for the financial periods 2019 and 2020: PPE 2019 $395,000 (170,000) (155,000) Copyrights 45,000 58,000 Receivables 22,000 12,000 Inventory 65,000 72,000 Prepaid expenses 70,000 52,000 Cash 172,000 71.000 $634,000 $505,000 Capital-preferred shares $42,000 23,000 Premium on preferred shares 150,000 160,000 Common stock 96,000 56,000 Retained earnings Bond payable 45,000 34,000 57,000 Accounts payable Accrued liabilities 65,000 45,000 179,000 187.000 $634,000 $505,000 The income statement for 2020 is as follows: Net sales Cost of goods sold Gross profit Operating expenses Net income $850,000 582,000 268,000 170,000 $98,000 WEBCAM RECORDING 10 points Save Answer Blackboard Remaining Time: 1 hour, 58 minutes, 28 seconds. A Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 Accounts payable 65.000 Accrued liabilities 179,000 $634,000 The income statement for 2020 is as follows: Net sales Cost of goods sold Gross profit Net income Operating expenses $850,000 582,000 268,000 170,000 $98,000 45,000 187,000 $505,000 Required: Compute the following using the Direct Method (Show your calculations), 1. How much is the cash received from customers? 2. How much is the cash paid to suppliers? 3. How much is the operating expenses paid? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial 10pt E !!! X2 X2> < - ABC V IT " A Ix In x = A EXE a c o WEBCAM RECORDING www 0 WORDS POWERED BY TINY