The following financial statements are available for Kimball Corporation (all dollar amounts in millions):

Additional information:

Equipment with a book value of $400 was sold during 2019.

All accounts payable relate to inventory purchases.

Equipment costing $260 was purchased with a mortgage during 2019. This fact is already reflected in the balance sheet numbers reported above. All other purchases of equipment in 2019 were cash transactions.

41. How can you know if you have prepared the statement of cash flows correctly?

a)The sum of operating, investing, and financing cash flows should equal 100

b)The sum of operating, investing, and financing cash flows should equal 300

c)Operating cash flows should equal 100

d)Operating cash flows should equal 300

42. Assuming Kimball uses the direct method, what is cash collected from customers?

a)$10,128

b)$10,100

c)$10,072

d)$9,950

43. Assuming Kimball uses the direct method, what is cash paid to suppliers?

($6,860)

($6,340)

($6,930)

($6,530)

44. Assuming Kimball uses the direct method, what is cash paid for general expenses?

($1,650)

($1,600)

($2,100)

($1,550)

45. Assuming Kimball uses the direct method, what is cash paid for taxes?

($815)

($885)

($850)

($1,150)

46. What is cash paid for the purchase of PP&E

$944

$545

$684

$424

47. What is cash received from the sale of PP&E?

$240

$400

$560

$160

48. What is cash paid for dividends?

$123

$140

$125

$108

49. What is cash paid to reduce mortgage payable?

$265

$1,000

$525

$1,265

50. What is cash received from the issuance of stock?

$140

$400

$600

$1,000