The following cash flow information also is available: a. Cish collected from credit customers, $80,000. b. Cash paid for insurance, $5,000. c. Cash paid to suppliers of inventory, $60,000 (the entire accounts payable amounts relate to inventory purchases). d. Cash paid to employees for salaries, $10,000 Required: 1. Determine the following for the month of December: 2. Prepare summary journal entries to record the month's sales and cost of those sales