Question Completion Statu 12 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020 2029 29:19 PPE $430,000 $195,000 Accumulated depreciation of PPE 185,000 175,000 Copyrights $5,000 65,000 Receivables 23,000 15,000 Inventory 65,000 $2,000 70,000 62,000 Prepaid expenses Cash 182.000 21.000 $640.000 $515.000 Capital preferred shares $42,000 23,000 Premium on preferred shares 140,000 160,000 Common stock 96,000 56,000 45,000 14,000 Retained earnings Bond payable 57,000 Accounts payable 95,000 Accrued liabilities 165.000 $640.000 The income statement for 2020 is as follows: Net sales Cost of goods sold Gross profit Operating expenses Net income $950,000 492.000 458,000 190.000 $268.000 $5,000 187.000 $$15.000 Premam on preferred res Common stock Retained earnings Bond payable Accounts payable Accrued liabilities The income statement for 2020 is as follows: Net sales $950,000 Cost of goods sold 492.000 Gross profit 458,000 Operating expenses 190.000 Net income $268.000 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). Arial 10pt BIUS Paragraph 96,000 45,000 57,000 95,000 165.000 $640,000 !!! TRRESKRE 36,000 34,000 55,000 187.000 $315.000 > I!! > AV I. XO