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Q] Use the below information to answer the following questions from (b) to (f) (Use DIRECT METHOD and show all calculations): Washington Company Balance sheet

Q] Use the below information to answer the following questions from (b) to (f)

(Use DIRECT METHOD and show all calculations):

Washington Company

Balance sheet

December 31, 20X3 and 20X2

12/31/X3

12/31/X2

Current Assets

Cash

$4,600

$3,100

Accounts Receivable

$9,500

$7,900

Supplies

$1,200

$2,100

Inventory

$17,500

$18,600

Prepaid Insurance

$1,400

$1,000

Total Current Assets

$34,200

$32,700

Long-Term Assets

Fixed Assets

$71,000

$58,000

Accumulated Depreciation

($30,400)

($26,500)

Patent

$6,000

$7,000

Total Long-term Assets

$46,600

$38,500

Total Assets

$80,800

$71,200

Current Liabilities

Accounts Payable

$6,100

$4,900

Wages Payable

$2,200

$2,600

Interest Payable

$800

$1,000

Taxes Payable

$2,300

$1,500

Total Current Liabilities

$11,400

$10,000

Long-term Liabilities: Bonds Payable

$20,300

$24,000

Total Liabilities

$31,700

$34,000

Stockholders Equity:

Common Stock

$22,700

$20,000

Retained Income

$26,400

$17,200

Total Stockholders Equity

$49,100

$37,200

Total Liabilities and Stockholders Equity

$80,800

$71,200

Washington Company

Income Statement

For the Year Ended December 31, 20X3

Sales

$147,500

Cost of Goods Sold

($63,800)

Gross Profit

$83,700

Less Operating Expenses:

Wage Expense

$40,200

Supply Expense

$3,600

Insurance Expense

$3,000

Depreciation Expense

$3,900

Amortization Expense

$1,000

Rent Expense

$400

Operating Expense

$26,600

Interest Expense

($2,600)

Income before taxes

$24,000

Income Tax Expense

($10,800)

Net Income

$13,200

Answer the following Questions

a) Using indirect method, compute the net cash used / provided by operating activities?

(Use the proper format of indirect method)

b) What was the cash collected from customers by Washington Company in 20X3?

c) How much inventory did Washington Company purchase in 20X3?

d) What was the cash paid to supplies of inventory by Washington Company in 20X3?

e) What was the cash paid to employees by Washington Company in 20X3?

f) What was the cash paid for supplies by Washington Company in 20X3?

Show all calculations for (a) to (f) in details use methods as instructed in question..

I am not aware, sub question is from A to F, kindly answer all.. Appreciate your help.. Thks

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