ch 5-6 Shar 8. Using the following information, prepare the operating activities section of the statement of cash flows using the direct method Proceeds from stock issue $ 25,000 Dividends received $ 1,000 Depreciation Expense $ 1,500 Cost of Goods Sold $ 46,000 Interest Collected $ 2.500 Collections from customers $ 65,000 Payment of interest $ 3,500 Payment to suppliers S 12,000 Net Income $ 18,000 Decrease in inventory $ 5,000 Proceeds from equipment sale $ 15,000 9. Prepare the rate of change analysis for 2020 and 2019. 2020 2019 2018 $ 50,000 $ 47,500 5 45,000 Cost of Goods Sold (17,000 (15,00 (13,000 Gross Profit 33,000 32,500 32,000 Operating Expenses (16,000 [12.500 Interest Revenue 2,000 1,500 Interest Expense (1,500 (LZS 2.500 Income before income tax 17,500 1.550 18,500 Income tax expense (5,250 15.ssa Net Income 12,250 12.30 Number of shares of common stock 41,000 41.000 39,500 Earnings per share 5 05 0325 033 10 Income Statement Balance Sheet Sales S 1,275,000 s 123,500 Cost of Goods Sold $ 767,500 Receivables (net) 5 96,000 Gross Profit $ SO7,500 Inventory 5 113,400 Operating Expenses $ (265,000 Property & plantinet) 255.000 Interest Revenue s 5.600 Total Asset S56700 Interest Expense 5 (14,700 income before income tax 5 233.400 Account Payable $ 45.900 Income tax expense 5 120.000 Other current liabilities 80,000 Net Income L Bond Payable s 100.000 Number of shares of common stock 150,000 Common Stock $ 300.000 Add 1 Paid in $ 100,000 Retained Earnings ES 100,000 Total Lab Aquity $ 5870 Based on the information above, calculate a Gross profit margin d. Current ratio b. Operating profit margin e. Earnings per share c. Net profit margin