Problem 13-28 (Part Level Submission) Kate Petusky prepared Addison Controls' balance sheet and income statement for 2016. Before she could complete the statement of cash flows, she had to leave town to attend to a family emergency. Because the full set of statements must be provided to the auditors today, Addison's president, Lance Meyers, has asked you to prepare the statement of cash flows. Meyers has provided you with the balance sheet and income statement that Petusky prepared, as well as some notes she made: Addison Controls Income Statement For the Year Ended December 31, 2016 Sales revenue $127.900 Cost of goods sold 69,800 Gross margin 58.100 Seling expense 13,000 Administrative expense Salaries expense 20.000 Depreciation expense 1.900 Interest expense 4.000 46900 Income before gain and taxes Gain on sale of land Income tax expense Net income $11,300 2015 $4,300 5.500 34,200 6.300 31,700 215.300 Addisen Controls Comparative Balance Sheets As of December 31 2016 Cash $5,100 Accounts receivable, net Inventory Total current assets Property, plant, aquent, net 211.500 Total assets Accounts payable Acord expenses Salaries payable Taxes payable Bonds payable Totales Commons To r ty 254,600 Equipment with an original cost of $35,000 was sold for $20,300. The book value of the equipment was $19,400. On June 1, 2016, the company purchased new equipment for cash at a cost of $17,500. At the end of the year, the company issued bonds payable for $10.000 cash. The bonds will mature on December 31, 2020. The company paid $23,200 in cash dividends for the year. (a1) Calculate the following amounts: a. Collections from customers b. Payments to suppliers Payments to employees d. Payments for operating expenses e. Payments for income taxes Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO