Q4. Use Anon Co's financial information given below, to answer questions 4a, b, c & d. Show plausible calculations to get credit. 2014 Anon Co. Balance Comparative Balance Sheets 2015 Assets Cash $123,450 Accounts receivable. 77.100 Merchandise inventory. 240,600 Prepaid expenses. 15,100 Total current asset 456,250 Equipment. . 262,250 Accum. depreciation-Equipment (110,750) Total assets.. $607.750 $ 61,550 80.750 250,700 17,000 410,000 200,000 195,000) $515,000 AnonCo. Income Statement for Year ending Dec 31 2015 Sales $1,185,000 Cost of goods sold 595,000 Gross profit 590,000 Operating expenses Depreciation expense $ 38,600 Other expenses. 362,850 Total operating expenses. 401,450 188,550 Other gains (losses) Loss on sale of equipment. (2.100) Income before taxes... 186,450 Income taxes expense 28.350 Net income ....... $ 158,100 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities.. $ 17,750 15.000 32.750 100,000 132,750 $102,000 10,000 112,000 77,500 189,500 (i) Sold old equipment costing $51,000 for a loss of $2,100 (ii) Purchased new equipment costing $113,250, signing a note for $70,000 and paying the balance in cash. (iii) Paid cash dividends. 215.000 200,000 Equity Common stock, $5 par... Paid-in capital in excess. of par, common stock Retained earnings Total liabilities and equity. 0 30,000 230,000 $607,750 125,500 $515,000 4a. Calculate Cash Collected from Customers (1 mark) 4a. Answer 4b. Calculate Cash Paid for Merchandise (1% marks) 4b. Answer 4c. Calculate net cash flow from Investing Activities (1% marks) 4c. Answer State clearly whether this was a net inflow or outflow. The amount was a net 4d. Calculate cash paid for dividends (1 mark) 4d