The following data available for Delious Catering Ltd. Account Beginning balance Ending Balance Use/source of cash Accounts payable 47,800 55,500 Inventory 22,600 29,700 Long term debts 85,500 145,600 Common stock 120,500 100,000 Other information: - Beginning balance of accounts receivable is $17,500. Ending balance of accounts receivable of $16,800 - Total revenue (all sales are on credit) is $349,500 - Total cost of goods sold is $125,000 - The company just placed an order for 9,000 pieces of pizza bases at a price of $0.5/unit. The supplier offers the credit terms of 1.5/10, net 40. Required: a) Calculate the net cash and identify the source of cash or the use of cash for each account by filling into the column next to the ending balance (2 marks) ANSWER: b) Calculate the operating cycle and interpret the outcome (4 marks) ANSWER: c) What is the discount being offered by the supplier to Delious Catering Ltd.? How quickly must the companhy pay to get the discount? If the company takes the discount, how much should they pay? (1 mark).