Nitrogen Inc. had the following events occur in $2023.$ Calculate the cash receipts or cash disbursements for each event.

Required

$1.$ Taxes Payable on January $1$ was $$12,400$ and on December $31$ was $$13,600.$ Income Tax Expense on the income statement was reported at $$39,000.$

$2.$ Cost of goods sold on the income statement was reported at $$50,000.$ Accounts Payable increased $$5,000$ and Inventory decreased $$7,000.$

$3.$ Sales were reported on the income statement at $$100,000.$ Accounts Receivable increased $$5,700.$

$4.$ Interest Revenue on the income statement was reported at $$12,000.$ Interest Receivable decreased $$3,600.$