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Melissa, Inc reported the following income statement, prepared on the accrual basis: Sales: $6,000 COGS: (4700) Gross Profit = 1300 OP Exp: 190 Other Op

Melissa, Inc reported the following income statement, prepared on the accrual basis:

Sales: $6,000

COGS: (4700)

Gross Profit = 1300

OP Exp: 190

Other Op Exp: 650 = (840)

Income before taxes: 460

Income Tax Exp: (210)

Net Income = $250

Changes during the year in selected accounts:

Accounts Receivable: $100 decrease

Inventories: 200 decrease

Accounts Payable (on purchases): 150 increase

Required:

For Melissa Inc, compute the cash flow pertaining to:

a) Cash collections from customers

b) Cash paid for operating expenses

c) Cash paid for suppliers

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