Problem 1 T Merchandising provided the following comparative selected accounts of the statement of financial position: 12/31/17 12/31/18 Cash & cash Equivalents 500,000 300,000 Prepaid Insurance 70,000 80,000 Accounts Receivable 1,000,000 750,000 Accounts Payable 70,000 40,000 Inventory 500,000 650,000 Salaries payable 80,000 20,000 Prepaid Rent 80,000 120,000 The company Sales of 3,000,000 and purchased of 1,200,000 worth of inventory. The company had expenses of 20,000 for rent, 80,000 for salaries and 40,000 for insurance. Net cash flow from investing activities is 56% of the cash flow from operations. REQUIRED: Compute for 1. Cash collected from customers 2. Cash paid to suppliers 3. Cash paid for rent 4. Cash paid for Insurance 5. Cash paid for salaries 6. Cash provide/(used) by Operating 7. Cash provide/(used) by Investing 8. Cash provide/(used) by Financing