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Question 17 (3.4 points) Baltic Backpack Company, a distributor, purchases all its backback inventory from Pac Trax Limited. Selected account balances are included in the
Question 17 (3.4 points) Baltic Backpack Company, a distributor, purchases all its backback inventory from Pac Trax Limited. Selected account balances are included in the following table: Cash Accounts receivable Allowance for doubtful accounts Shoe inventory Accounts payable, Styles Limited Dec. 31, 2019 $15,400 85,000 7,100 100,000 50,000 Dec. 31, 2020 $35,000 92,000 9,900 75,000 45,000 Sales revenue 1,000,000 Cost of Goods Sold 600,000 Operating expenses 282,000 How much will Baltic report as cash collected from customers in its 2020 Statement of Cash Flows? $1,007,000 $823,000 $993,000 $908,000 Question 18 (3.4 points) Baltic Backpack Company, a distributor, purchases all its backback inventory from Pac Trax Limited Selecteer Resing dedin the following tables MacBook Pro Q $ A & > % 5 0 * 3 4 6 7 9 0 ER T Y U 1 0
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