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Determining Operating Cash Flows-Direct Method Adjusted trial balances for Garboz Company, an industrial recycler, at December 31, 2020, and 2019, follow. Debits, December 31 2020

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Determining Operating Cash Flows-Direct Method Adjusted trial balances for Garboz Company, an industrial recycler, at December 31, 2020, and 2019, follow. Debits, December 31 2020 2019 Cash $42.000 $38,400 Accounts receivable 39.600 36.000 Inventory 37.200 56,400 Property, plant, and equipment 120.000 114.000 Discount on bonds payable 5,400 6,000 Cost of goods sold 300.000 456,000 Selling expenses 169.800 206,400 General and administrative expenses 164,400 181.560 Interest expense 5,160 3.120 Income tax expense 24.480 73,440 Total debits $908,040 $1,171,320 Credits, December 31 2020 2019 Allowance for doubtful accounts $ 1.560 $1,320 Accumulated depreciation 19.800 18.000 Trade accounts payable 30,000 21.000 Income taxes payable 25,200 32.520 Deferred income tax liability 6.360 5.520 Callable bonds payable, 8% , 54,000 24.000 Common stock 60.000 48.000 Additional paid-in capital 10.920 9.000 Retained earnings 53.640 77.520 Sales 646.560 934,440 Total credits 5908040 $1,171,320 Additional information 1. Purchased $6,000 of equipment in 2020. 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 should Garboz report in its statement of cash flows for the year ended December 31, 2020, for the following? Note: Do not use negative signs with your answers, a. Cash collected from customers 5 b. Cash paid to suppliers $ c. Cash paid for interest . d. Cash paid for income taxes $ e. Cash paid for selling expenses 5 $

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