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

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

The sum of operating, investing, and financing cash flows should equal 500

Operating cash flows should equal 100

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

Operating cash flows should equal 500

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

$10,272

$10,328

$10,300

$9,950

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

($5,940)

($6,530)

($6,460)

($6,130)

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

($1,650)

($1,600)

($2,300)

($1,550)

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

($815)

($885)

($850)

($1,350)

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

$194

$594

$155

($206)

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

$240

$300

$360

$60

48. What is cash paid for dividends?

$1,073

$340

$325

$1,058

49. What is cash paid to reduce mortgage payable?

$265

$1,200

$665

$1,465

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

$400

$0

$650

$1,050

Balance Sheet Data (December 31) Cash.. Inventory ........ Prepaid general expenses ........... Property, plant & equipment (PPE)...... Accumulated depreciation......... Total Assets ................ 2019 $ 500 1,520 700 2,850 (420) $ 5.150 2018 $ 400 1,190 750 2,595 (239) $ 4.696 Accounts payable . Income tax payable........... Unearned sales revenue... Dividends payable ..... Mortgage payable......... Common stock............. Retained earnings (ending balance, after closing).......... Total Liabilities and Equity.. $ 465 500 350 340 1,200 1,050 1,245 $ 5.150 $ 395 535 378 325 1,465 650 948 $ 4.696 $ 10,300 Income Statement Data (for 2019) Sales ......... Loss on sale of PPE.. $ (60) Cost of goods sold ........... (6,200) General expenses. (1,600) Depreciation expense .. (220) Income tax expense .. (850) Total expenses ....... .... Net income ........... (8,930) 1.370 Additional information: Equipment with a book value of $300 was sold during 2019. All accounts payable relate to inventory purchases. Equipment costing $400 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