Exercise 23-9 Flounder Corp. uses the direct method to prepare its statement of cash flows. Flounder trial balances at December 31, 2017 and 2016, are as follows. Debits Cash Accounts receivable Inventory Property, plant, & equipment Unamortized bond discount Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense December 31 2017 2016 $35,000 $31,700 33,200 30,100 30,600 46,600 100,500 95,500 4,500 5,000 247,800 378,800 140,300 170,700 137,200 151,400 4,300 2,500 20,300 61,700 $753,700 $974,000 Credits Allowance for doubtful accounts Accumulated depreciation-plant assets Accounts payable Income taxes payable Deferred tax liability 8% callable bonds payable Common stock $1,300 16,400 24,800 20,800 5,300 44,600 50.100 $1,000 14,900 15,700 29,400 4,600 20,000 40.000 Income taxes payable Deferred tax liability 8% callable bonds payable Common stock Paid-in capital in excess of par Retained earnings Sales revenue 20,800 5,300 44,600 50,100 9,100 44,300 537,000 $753,700 29,400 4,600 20,000 40,000 7,500 64,600 776,300 $974,000 Additional information: 1. Flounder purchased $5,000 in equipment during 2017, 2. Flounder allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. 3. Bad debt expense for 2017 was $5,100, and write-offs of uncollectible accounts totaled $4,800. Determine what amounts Flounder should report in its statement of cash flows for the year ended December 31, 2017, for the following items. (a) Cash collected from customers. (b) Cash paid to suppliers. (c) Cash paid for interest. (d) Cash paid for income taxes. (e) Cash paid for selling expenses. Click if you would like to Show Work for this question: Open Show Work