Exercise 23-9 Metlock Corp. uses the direct method to prepare its statement of cash flows. Metlock trial balances at December 31, 2017 and 2016, are as follows. December 31 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 2017 2016 $35,300 $32,000 30,100 47,400 94,900 5,100 377,200 170,500 151,000 2,700 61,100 $758,800 $972,000 32,800 31,000 100,000 4,600 252,400 140,000 138,100 4,300 20,300 Credits wance for doubtful accounts Accumulated depreciation-plant assets Accounts payable Income taxes payable Deferred tax liability 8% callable bonds payable Common stock Paid-in capital in excess of par Retained earnings Sales revenue $1,100 15,000 15,600 29,100 4,700 20,000 40,000 7,500 64,500 774,500 $758,800 $972,000 $1,300 16,500 25,300 21,000 5,400 44,500 49,600 9,200 44,900 541,100 Allo Additional information: 1. Metlock purchased $5,100 in equipment during 2017 2. Metlock 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 $4,900 Determine what amounts Metlock 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. s Question Attempts: 0 of 3 used