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Mulan Manila Ltd uses accrual basis accounting to prepare its financial statement. The following information can be found from the general ledger accounts. Mulan Manila

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Mulan Manila Ltd uses accrual basis accounting to prepare its financial statement. The following information can be found from the general ledger accounts. Mulan Manila Ltd 2020 Account receivable Inventory Prepaid rent Account payables Salaries payables Sales revenue Cost of Goods sold Expenses (including 23000 depreciation) 30-Jun 2021 $23,200 $27,800 $5,220 $4,830 $1,250 $1,750 $25,100 $28,300 $2,800 $3,000 $33,750 $17,500 S125,000 Required (a) Use the T-account to calculate the amount of cash collected from customers during 2021. (b) Use the T-account to calculate the amount of cash paid to suppliers and employees during 2021. Cash collected from customers

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