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please help and show work! Use the following information to answer Problems 2 & 3 During 2020, Orton Company had the following financial data: Income

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Use the following information to answer Problems 2 & 3 During 2020, Orton Company had the following financial data: Income Statement Balance Sheet Sales $100,000 Cash $40,000 Increase - COGS $32,000 Accounts Receivable $30,000 Increase = Gross Profit $68,000 Inventory $10,000 Decrease - Operating Expenses $5,000 Accounts Payable $15000 Decrease - Depreciation Expense $4.000 Equity $75,000 Increase = Net Income $59,000 2. Based upon this information what amount will be shown for Cash Receipts from Customers when using the direct method (3 points)? 3. Based upon this information what amount will be shown for Cash Payments to Suppliers when using the direct method (3 points)

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