II. The income statement of Roso Company is shown below. Sales.... Cost of goods sold: ROSO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 Beginning inventory..... $50,000 $800,000 Purchases Ending inventory. Cost of goods sold Gross profit...... .400,000 20.000 430.000 370,000 Operating expenses: Selling expenses.......... 50,000 Net income. Additional information: Administrative expenses ..70,000........120,000 1. Accounts receivable increased $30,000 during the year. ..$250,000 2. Prepaid Rent on sale store increased $70,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $275,000 during the year. 4. Utility payable on administration office decreased $20,000 during the year. 5. Administrative expenses include depreciation expense of $30,000. Instructions a. Compute the cash collection from sale. b. Compute the cash payment for selling expense. c. Compute the cash payment for administration expense.