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How much is cash paid to suppliers? Choose... How much is cash collected from customers? Choose... + How much is cash paid to employees? Choose...

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How much is cash paid to suppliers? Choose... How much is cash collected from customers? Choose... + How much is cash paid to employees? Choose... How much cash was paid for income taxes? Choose... How much is total operating cash outflows? Choose... + How much cash was paid for dividends? Choose... Tobey Toys Inc. presents the following simplified income statement information for the year ended December 31, 2018. The Company prepares the operating the Statement of Cash Flows (SCF) using the direct method. Sales revenue S80,000 Less Cost of goods sold $29,000 Salaries expense 13,000 Depreciation expense 8,000 Loss on sale of equipment 2,500 (52,500) $27,500 Income before income taxes Income tax expense (4,000) Net income $23,500 Further analysis reveals the following changes in its current asset and current liability accounts for 2018: Accounts receivable increased by $2,600. Inventory decreased by $2,000. Accounts payable increased by $9,000. Salaries payable decreased by $8.000. Gain on disposal of equipment amounted to $3.000 Dividend payable decreased by $3,700. Note: Use a blank sheet of paper to show all your work in arriving at solution to the questions below. Upload all your working papers to the Exam II Working located in the same folder containing this exam within 10 minutes after end of this exam. How much is cash paid to suppliers

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