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Question 12 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020; 2929 PPE $730,000 Accumulated
Question 12 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020; 2929 PPE $730,000 Accumulated depreciation of PPE 230,000 Copyrights 75,000 Receivables 45,000 Inventory 35,000 50,000 Prepaid expenses Cash 221.000 $926.000 Capital-preferred shares Premium on preferred shares Common stock Retained earings Bond payable Accounts payable Accrued liabilities tement for 2020 is as follows: 2919 $595.000 175.000 95,000 25,000 62,000 40,000 108.000 $750.000 100,000 $102,000 150,000 106,000 45,000 $5,000 165,000 233.000 $926.000 160,000 56,000 34,000 115,000 285.000 $750.000 The income statement for 2020 is as follows: Net sales $850,000 550.000 Cost of goods sold Gross profit 300,000 Operating expenses 165.000 Net income $135.000 Additional information: The operating expenses include the depreciation expenses and amortization expenses. Required: Compute the following using the Direct Method (Show your calculations) 1 How much is the cash received from customers? 2. How much is the cash paid to suppliers? 3. How much is the operating expenses paid? 4. How much is the Net cash provided by operating activities? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial 10pt $926.000 EEA 2 L XD as
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