(C) Calculate the amount of dividends paid during the year. ACC 2302 - Principle of Accounting i Cash Flow Statement Amount Calculations Problem2: End of year Beginning of year Current year Balance sheet Change Income statement Cash Accounts receivable Inventory Total current assets Equipment, at cost Less: Accum. depreciation Net equipment Total assets 1 620 000 (1 170 000) 450 000 (312 000) 138 000 Assume there was $390,000 of equipment purchased during the year. And, assume that equipment with a book value of $72,000 was sold during the year. (D) Calculate the amount of proceeds from the sale of equipment during the year. 235 000 300 000 (73 000) Sales 135 000 168 000 (33 000) 87 000 108 000 (21000) Gross profit 453 000 582 000 (127 000) Operating expenses 792 000 480 000 312 000 Income from operations (159 000) (90 000) (69000) Other income & (expense): 633 000 390 000 243 000 Interest expense 1 086 000 972 000 116 000 Loss on sale of equipment Total other expense 102 000 123 000 (21 000) Net income 19 800 25 800 (6 000) 4 000 2 000 2000 125 800 150 800 (25 000) ) 348 000 300 000 48 000 469 800 448 800 23 000 360 000 300 000 60 000 256 200 223 200 33 000 616 200 523 200 93 000 1 086 000 972 000 116 000 (22 800) (39 000) (61 800) 76 200 Accounts payable Interest payable Accrued Liabilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity (E) Calculate the amount of depreciation expense during the year. Refer to the balance sheets and income statement above to answer the following questions. NB: The company repaid $150,000 of long term debt during the year. (A) Calculate the amount of cash received from customers during the year. (F) Calculate the amount of cash paid for operationg expenses (Excluding depreciation expenses) (B) Calculate the amount of cash paid to suppliers during the year. (Depreciation expense is only included in operating expenses.)