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Sweet Corp. uses the direct method to prepare its statement of cash flows. 5 weet trial balances at December 31,2020 and 2019 , are as
Sweet Corp. uses the direct method to prepare its statement of cash flows. 5 weet trial balances at December 31,2020 and 2019 , are as tollows 1. Sweet purchased $4,900 in equipment during 2020. 2. Sweet 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 Sweet 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 incorne taxes. (e) Cash paid for selling expenses
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