The flewing comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020 2009 2019 PPE $710.000 Accumulated depen of PPE $395,000 175,000 210,000 Copyriges 75,000 95.000 Recervatio 45,000 25,000 Inventory 11,000 62,000 Prepaid expenses Cash 50,000 40.000 221,000 108.000 $926.000 $220.000 Capital prefened shares $102,000 100,000 Premam on preferred shares 150,000 160,000 Common stock 106.000 $6,000 45,000 34,000 Retained camings Blond payable 85,000 Accounts payable 165.000 115,000 Accrued liabilities 275.000 285.000 $926.000 $750.000 The income statement for 2020 is as follows: Net sales Cost of goods sold Gross profit Operating expenses Net income $850,000 550.000 300,000 165.000 $135.000 Accrued liabilities 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) 273.000 $926.000 285.000 $750.000 Question 11 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020: 2020 2019 PPB Accumulated depanciation of $710.000 230.000 $595,000 175,000 FPR Copyrights 15.000 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 $102,000 100,000 Capital- preferred shares Premiam on preferred shares 150,000 160,000 Common stock 106,000 56,000 45,000 34,000 Retained earnings Bond payable 85,000 Accounts payable 165,000 115,000 Accrued liabilities 273.000 285.000 $926.000 $750.000 Amma perle The income statement for 2020 is as follows: Net sales $850,000 $50.000 Cost of goods sold Gross profil 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 Arial 10pt R T u f Paragraph 165,000 273.000 $926.000 281.000 A Ev 2- I. X a ***
