The accounting staff of Lambert Company has assembled the following information for the year ended December 31 of the current year 1 $ 873,000 2,500,000 2,195,000 250,000 100,000 1,800,000 1,480,000 1,045,000 180,000 95,000 500,000 260,000 3,100,000 660,200 81,100 2,500,000 120,000 512,000 Cash sales Credit sales Collections on accounts receivable Cash transferred from the money market fund to the general bank account Interest and dividends received Purchases (all on account) Payments on accounts payable to merchandise suppliers Cash paynents for operating expenses Interest paid Income taxes paid Loans made to borrowers Collections on loans (excluding receipts of interest) Cash paid tp acquire plant assets Book value bf plant assets sold Loss on sales of plant assets Proceeds from issuing bonds payable Dividends paid Cash and cash equivalents, Jan. 1 Required: a. Prepare a statement of cash flows. Use the direct method of reporting cash flows from operating activities. b-1. Compute the amount of collections from customers. b-2. Compute the amount of cash paid to suppliers and employees. b-3. Compute the amount of proceeds from sales of plant assets LAMBERT COMPANY Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities Cash received from customers Interest and dividends received Cash provided by operating activities Cash paid to suppliers and employees 0 Interest paid Income taxes paid Cash disbursed for operating activities 0 Net cash flow from operating activities $ 0 Cash flows from investing activities: 0 Income taxes paid 0 Cash disbursed for operating activities 0 Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities: 0 Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Req A Req B1