The following balance sheets are provided for Socrates Foods: Cash and cash equivalents Accounts receivable Inventory Plant and equipment (net). Total assets..... End of Year $170.000 80,000 140,000 130,000 S520.000 Beginning of Year $120,000 65,000 130,000 80,000 $395.000 Accounts payable (for merchandise). Wages payable Long-term liabilities Common stock Retained earnings....... Total liabilities and owners' equity. S 65.000 120,000 95,000 100,000 140,000 S520,000 $ 35,000 110,000 70,000 100,000 80,000 $395.000 Selected information from Socrates Foods' current year income statement: Sales Cost of goods sold Wages expense. $1,650,000 840,000 260.000 a Compute the following: (1) Cash received from customers during the year (2) Cash payments for merchandise during the year...... (3) Wages paid to employees during the year. (4) In Socrates Foods' statement of cash flows, what amount would be reported as the net change in cash and cash equivalents? (increase/decrease) Socrates Foods recorded the sale of equipment as follows: b Cash 25,000 Accumulated Depreciation: Equipment 20,000 Loss on Disposal of Equipment 15,000 Equipment.. 60,000 How would this transaction be reported in Socrates Foods' statement of cash flows? (Assume the direct method is being used.)