Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2019 and 2018 are provided below. BALANCE SHEETS Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation 0 1 2 2 Accounts payable 3 Income taxes payable 4 Bonds payable 5 Common stock 6 Retained earnings \begin{tabular}{l|l} 7 & \\ 8 & 1 \end{tabular} 9 INCOME STATEMENT 0 For the Year Ended December 31, 2019 1 Sales revenue 2 Cost of sales 3 Gross profit 4 Selling expenses 5 Administrative expenses 6 Income from operations 7 Other losses 8 Income before taxes 9 Income taxes 0 Net income 1 The following additional data were provided: 1 Dividends for the year 2019 were $192,000. 2 During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale. 3 Depreciation expense, $80,000, is in the selling expense category. Questions relate to a statement of cash flows (indirect method) for the year ended December 31st, 2019, for Harlan Mining Company. 8 a) Cash received from customers = Calculate net cash provided by operating activities using the direct method 9 b) Cash paid to purchase inventory = 0 c) Cash paid as selling\& admin. Expenses = 1 d) Cash paid as taxes L-Enter your answer 2