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Cash $35,000 $32,400 Accounts receivable 33,200 29,800 Inventory 31,000 47,200 Property, plant, & equipment 100,400 95,400 Unamortized bond discount 4,600 5,100 Cost of goods sold
Cash | $35,000 | $32,400 | ||
Accounts receivable | 33,200 | 29,800 | ||
Inventory | 31,000 | 47,200 | ||
Property, plant, & equipment | 100,400 | 95,400 | ||
Unamortized bond discount | 4,600 | 5,100 | ||
Cost of goods sold | 248,100 | 376,800 | ||
Selling expenses | 141,100 | 173,700 | ||
General and administrative expenses | 136,600 | 152,000 | ||
Interest expense | 4,300 | 2,700 | ||
Income tax expense | 20,500 | 61,000 | ||
$754,800 | $976,100 | |||
Credits | ||||
Allowance for doubtful accounts | $1,300 | $1,100 | ||
Accumulated depreciationplant assets | 16,600 | 15,100 | ||
Accounts payable | 25,200 | 15,600 | ||
Income taxes payable | 20,900 | 29,100 | ||
Deferred tax liability | 5,200 | 4,500 | ||
8% callable bonds payable | 44,800 | 20,000 | ||
Common stock | 49,500 | 40,000 | ||
Paid-in capital in excess of par | 9,100 | 7,500 | ||
Retained earnings | 44,600 | 65,200 | ||
Sales revenue | 537,600 | 778,000 | ||
$754,800 | $976,100 |
Additional information:
1. | Novak purchased $5,000 in equipment during 2017. | |
2. | Novak allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. | |
3. | Bad debt expense for 2017 was $5,100, and write-offs of uncollectible accounts totaled $4,900. |
Determine what amounts Novak should report in its statement of cash flows for the year ended December 31, 2017, for the following items.
Cash paid for interest?
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