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IMT Co. reported the following selected information for 2010: Sales revenue .......................................................................................... $865,000 Cost of goods sold .................................................................................. 360,000 Depreciation expense ............................................................................. 43,000 Salaries &

IMT Co. reported the following selected information for 2010:

Sales revenue .......................................................................................... $865,000

Cost of goods sold .................................................................................. 360,000

Depreciation expense ............................................................................. 43,000

Salaries & wages expense ......................................................178,000

Rent Expense .................................................................... 95,000

Beginning of YearEnd of Year

Accounts receivable ..................................... $ 15,000 $ 35,000

Prepaid rent .................................................. 21,00015,000

Salaries & wages payable ............................ 33,00018,000

Required: Use the above information to calculate:

i)The cash collected from customers

ii)The cash paid for depreciation

iii)The cash paid to employees

iv)The cash paid for rent

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