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Swiss Farm Incis 2020 statement of cash flows appeared as follows: Swiss Farm incis balance sheet information is as follows: An examination of the company's

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Swiss Farm Incis 2020 statement of cash flows appeared as follows: Swiss Farm incis balance sheet information is as follows: An examination of the company's statements and occounts showed: a. All accountr have normal balances. b. All sales were made on credit. c. All merchandise purchases were on credit. d. Accounts payable balances resulted from merchandise purchases. e. Prepaid expenses relate to other operating expenses. 4. Equipment that cost $43,100 and was depreciated $24,300 was sold for cash. g. Equipment was purchased for cash. 9. The change in the balance of Accumulated Depreciation resulted from depreciation expense and from the sale of equipment. 1. The change in the balance of Retained Earnings resulted from dividend declarations and profit. 1. Cash recelpts from customers were $781,000. 1. Cash receipts from customers were $781,000. L. Cash payments for other operating expenses were $170,700. m. Income taxes paid were $32700

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