solve fast plzzzz 12

solve fast plzzzz 12

solve fast plzzzz 12

solve fast plzzzz 12

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Common stock Retained earnings Bond payable Accounts payable Accrued liabilities The income statement for 2020 is as follows: Net sales $850,000 Cost of goods sold 550,000 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). Arial D 10pt A 56,000 34,000 115,000 285,000 $750,000 V Tx XM B IUS 11 el Gotha 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). V Ev Ev AV AV IXE BIUS Paragraph 10pt v Arial - 11 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020: 2020 2019 PPE $730,000 $595,000 Accumulated depreciation of PPE 230,000 175,000 Copyrights 75,000 95.000 Receivables 45,000 25,000 Inventory 35,000 62,000 Prepaid expenses 50,000 40,000 Cash 221,000 108,000 $926,000 $750,000 Capital- preferred shares $102,000 100,000 Premium on preferred shares 150,000 160,000 Common stock 106,000 56,000 Retained earnings 45,000 34,000 Bond payable $5,000 Accounts payable 165,000 115,000 Accrued liabilities 273,000 285.000 $926.000 $750.000 The income statement for 2020 is as follows: Net sales $850,000 550.000 Cost of goods sold A Click Submit to complete this assessment. Question 12 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020: 2020 2012 PPE $730,000 $595,000 Accumulated depreciation of PPE 230,000 175,000 D Copyrights 75,000 95,000 Receivables 45,000 25,000 Inventory. 35,000 62,000 50,000 40,000 Prepaid expenses Cash 221.000 108.000 $926.000 $750.000 Capital preferred shares $102,000 100,000 Premium on preferred shares 150,000 160,000 Common stock 106,000 56,000 Retained earnings 45,000 34,000 Bond payable. 85,000 Accounts payable 165,000 115,000 Accrued liabilities 273.000 285.000 $926.000 $750.000 Paragraph Arial 10pt A Accrued liabilities I XE 273.000 $926.000 Accrued liabilities The income statement for 2020 is as follows: Net sales $850,000 Cost of goods sold Gross profit 550.000 300,000 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), 273.000 $926.000 285.000 $750.000