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Selected numbers from financial statements of Zero Merchandising Company are given in the below. Balance Sheets As of Dec. 31 Assets 2021 2020 Cash
Selected numbers from financial statements of Zero Merchandising Company are given in the below. Balance Sheets As of Dec. 31 Assets 2021 2020 Cash S14,400 $16,500 Accounts receivable 219,600 88,000 Inventory Accounts payable Income taxes payable Retained earnings 170,400 106,700 177,360 36,000 113,040 55,440 15,840 66,220 Income Statements 2021 2010 Sales S2,020,800 $1,375,000 Cost of goods sold Income Tax Expense Net income 1,112,400 891,000 36,000 15,840 S54,000 S23,760 Example of Answer: 4000 (No comma, space, decimal point, or $ sign) How much did company collect cash from customers during 2021? Answer %3D Assume the balance of Accounts payable pertains to vendors. How much did company pay cash to vendors supplying merchandise during 2021? Answer = A/ How much did company pay cash to IRS during 2021? Answer = How much did company pay dividends to its shareholders during 2021? Answer = A/
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