Sheffield Corp. uses the direct method to prepare its statement of cash flows. Sheffield trial balances at December 31, 2020 and 2019, are as follows. December 31 Debits 2020 2019 Cashi $35,100 $32,000 Accounts receivable 32,700 30,000 Inventory 30,900 47,400 Property, plant, & equipment 99,600 94,600 Unamortized bond discount 4,600 5,100 Cost of goods sold 249.200 382,900 Selling expenses 141,500 173,100 General and administrative expenses 137,100 149,800 Interest expense 4,300 2,500 Income tax expense 20.500 61,000 $755,500 $978,400 Credits Allowance for doubtful accounts $1,300 $1,200 Accumulated depreciation-plant assets 16,700 15,200 Accounts payable 25,300 15,300 Income taxes payable 20,800 29,000 Deferred tax liability 5,200 4,500 8% callable bonds payable 45,100 20,000 Credits Allowance for doubtful accounts $1,300 $1,200 Accumulated depreciation-plant assets 16,700 15,200 Accounts payable 25,300 15.300 Income taxes payable 20,800 29,000 Deferred tax liability 5,200 4,500 8% callable bonds payable 45,100 20,000 Common stock 49,700 40,000 Paid-in capital in excess of par 9,100 7,500 Retained earnings 44,800 64,500 Sales revenue 537,500 781,200 $755,500 $978,400 Additional information: 1. 2. 3. Sheffield purchased $5,000 in equipment during 2020. Sheffield allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrativ expenses. Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,900. Determine what amounts Sheffield should report in its statement of cash flows for the year ended December 31, 2020, for the following items. Additional information: 1. 2. Sheffield purchased $5,000 in equipment during 2020. Sheffield allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. 3. Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,900. Determine what amounts Sheffield should report in its statement of cash flows for the year ended December 31, 2020, for the following items. (a) Cash collected from customers. (b) Cash paid to suppliers. (c) Cash paid for interest. (d) Cash paid for income taxes. $ (e) Cash paid for selling expenses. $