Exercise 11-19A Determine cash paid to suppliers (LO11-7) Consider the three independent situations below (amounts are $ in millions): Required: 1. Calculate cash paid to suppliers. (Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) Situation Cost of Goods Sold Inventory Increase (Decrease) Accounts Payable Increase (Decrease ) Cash Paid to Suppliers 150 150 150 150 25 (25) 25 (25) 20 (20) (20) 2. Prepare the summary journal entry for each situation. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (.e., $10,100,000 should be entered as 10.1).) View transaction list Journal entry worksheet 2 3 4 Record the payment of cash to suppliers. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Problem 12-2A Perform horizontal analysis (LO12-2) The income statements for Anything Tennis for the years ending December 31, 2021 and 2020, are provided below. Required: 1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of the income statements for Anything Tennis. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income ANYTHING TENNIS Income Statements For the Years Ended December 31 Increase (Decrease) 2021 2020 Amount % $ 3,500,000 $ 2,620,000 2,150,000 1,380,000 1,350,000 1,240,000 810,000 630,000 540,000 610,000 10,000 6,000 550,000 616,000 100,000 140,000 $ 450,000 $ 476,000