Determining Operating Cash FlowsDirect Method

Adjusted trial balances for Garboz Company, an industrial recycler, at December 31 of the current and prior year follow.

Debits, December 31	Current Year	Prior Year
Cash	$28,000	$25,600
Accounts receivable	26,400	24,000
Inventory	24,800	37,600
Property, plant, and equipment	80,000	76,000
Discount on bonds payable	3,600	4,000
Cost of goods sold	200,000	304,000
Selling expenses	113,200	137,600
General and administrative expenses	109,600	121,040
Interest expense	3,440	2,080
Income tax expense	16,320	48,960
Total debits	$605,360	$780,880
Credits, December 31	Current Year	Prior Year
Allowance for doubtful accounts	$ 1,040	$ 880
Accumulated depreciation	13,200	12,000
Trade accounts payable	20,000	14,000
Income taxes payable	16,800	21,680
Deferred income tax liability	4,240	3,680
Callable bonds payable, 8%	36,000	16,000
Common stock	40,000	32,000
Additional paid-in capital	7,280	6,000
Retained earnings	35,760	51,680
Sales	431,040	622,960
Total credits	$605,360	$780,880

Additional information

1. Purchased $4,000 of equipment in the current year.

2. Allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses.

3. Assume no accounts receivable were written off or recovered during the year.

Required

What amounts are reported in the operating activities section of the statement of cash flows using the direct method for the current year ended December 31, for the following line items?

Note: Do not use negative signs with your answers.

a. Cash collected from customers	Answer
b. Cash paid to suppliers	Answer
c. Cash paid for interest	Answer
d. Cash paid for income taxes	Answer
e. Cash paid for selling expenses	Answer