Blake Weaver, Cook Enterprises' controller, is preparing the financial statements for 2016. He has completed the comparative balance sheets and income statement, which follow, and has gathered this additional information: On December 31, 2016, Cook sold a piece of equipment with an original cost of $25,000 for $30,000 cash. The equipment had a book value of $13,000. On February 1, 2016, Cook issued $100,000 of common stock to raise cash in anticipation of the purchase of a new building later in the year. On February 2, 2016, Cook took out a ten-year $75,000 long-term loan to provide the remaining funds needed to purchase the building. On May 15, 2016, Cook paid $150,000 for the new building. The company repaid $4,600 of the long-term debt before the end of the year. Cook Enterprises Income Statement For the Year Ended December 31, 2016 Sales revenue $1.070,000 Gain on equipment sale 17.000 Total revenue 1.087.000 Cost of goods sold 700.000 Operating expenses Depreciation expense $30,000 Interest expense 7.400 Wages expenses 175,000 Other expenses 16.000 228.400 Income before taxes Tax expense 63,400 Net income $95.200 Cook Eaterpers Comparative Balance Sheets As of December 31 2016 2016 $124.200 Accounts recen t Total current Propert iment Accumulated depreciation Net property, plant, & ciment Acco Acerede Mortgage payable Common shock SOS.400 Total holders' equity Total Babies & stockholders' equity 5743,400 (a1) Calculate the following amounts: a. Collections from customers b. Payments to suppliers c. Payments to employees d. Payments for other expenses (including interest expense) e. Payments for income taxes Click if you would like to Show Work for this question: Open Show Work