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Marin Corp. uses the direct method to prepare its statement of cash flows. Marin trial balances at December 31,2020 and 2019 , are as follows.
Marin Corp. uses the direct method to prepare its statement of cash flows. Marin trial balances at December 31,2020 and 2019 , are as follows. Credits Allowance for doubtful accounts Accumulated depreciation-plant assets 16,50015,000 Accounts payable Income taxes payable 24,80015,500 Deferred tax liability 21,20029,000 8% callable bonds payable Common stock 5,3004,600 Paid-in capital in excess of par Retained earnings Sales revenue Adaltional Intormation: 1. Marin purchased $5,100 in equipment during 2020. 2. Marin allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. 3. Bad debt expense for 2020 was $4,900, and write-offs of uncollectible accounts totaled $4,600. Determine what amounts Marin should report in its statement of cash flows for the year ended December 31,2020 , 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. \$
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