QUESTION 1. The following information relates to BernFord Corporation for the year ended June 30, 2022. Sales revenue 450,000 100,000 Opening balance of trade receivables (net of allowance) Closing balance of trade receivable (net of allowance) 132,500 Doubtful debt expense 5,000 Increase in allowance for doubtful debts 2,000 a. Bad debts are written off against the allowance for doubtful debts. What is the amount of cash collected from the customers during the year ended June 30, 2022? QUESTION 2. The KCMB Company presented the following income statement. KCMB Company Income Statement For the Year Ended December 31, 2020 Sales 10,350,000 Cost of Goods Sold 7,050,000 Gross profit 3,300,000 Operating expenses: 675,000 Selling Administrative 1,050,000 1,725,000 Net income 1,575,000 Additional information: a. Accounts receivable decreased P540,000 during the year. b. Prepaid expenses increased P255,000 during the year. C. Accounts payable to suppliers of merchandise decreased P412,500 during the year. d. Accrued expenses payable decreased P150,000 during the year. e. Administrative expenses include depreciation expense of P90,000. f. Inventories decreased by P450,000. 1. What is the total amount of cash paid for operating expenses during the year? 2. What is the net amount of cash provided by operating activities