Determine for the Johnson Company: Cash received from customers Cash paid to suppliers Cash paid for operating expenses Cash paid for interest Cash paid for income taxes You can show your work, providing opportunities for partial credit, by simply showing what numbers you added and subtracted. For example: cash paid for operating expenses x y z = total. December 31 2020 2019 Debits Accounts receivable 72,000 84,000 Inventory 33,000 19,000 Prepaid rent 12,000 16,000 Prepaid insurance 9,000 54,000 Supplies 23,000 28,100 Land 75,000 92,000 Equipment 80,000 80,000 Credits Acc. depreciation - equip 48,000 12,000 Accounts payable 31,000 75,300 Income taxes payable 10,200 12,800 Bonds payable 90,000 90,000 Discount on bonds payable 3,800 4,900 Income Statement For the Year Ended December 31, 2020 Sales revenue $840,000 Cost of goods sold 632,000 Gross margin 208,000 Operating expenses ALL, uepelidull-equip 40,000 12,000 Accounts payable 31,000 75,300 Income taxes payable 10,200 12,800 Bonds payable 90,000 90,000 Discount on bonds payable 3,800 4,900 Income Statement For the Year Ended December 31, 2020 Sales revenue $840,000 Cost of goods sold 632,000 Gross margin 208,000 Operating expenses Selling expenses $65,000 Administrative exp. 40,000 Depreciation exp. 36,000 141,000 Income from operations 67,000 Other revenues/expenses Gain on sale of land 8,200 Interest expense (5,900) 2,300 Income before taxes 64,700 Income tax expense 12.300 Net income $52,400