The following information is provided for problems 16 to 18: Portions of the financial statements for UTEP Inc. are provided below. UTEP Inc. UTEP Inc. Income Statement Selected Accounts from Comparative Balance For the Year Ended December 31, 2018 Sheets ($ in millions) December 31, 2018 and 2017 Sales $3.960 ($ in millions) Cost of goods sold 1.500 Year Gross margin 2,460 2018 2017 Change Salaries expense $660 Cash 612 600 12 Depreciation expense 540 Accounts receivable 1,320 1,392 (72) Patent amortization expense 30 Inventory 2.640 2,700 (60) Interest expense 120 Accounts payable 840 804 36 Loss on sale of land 18 $1,368 Salaries payable 480 516 (36) Income before taxes 1,092 Interest payable 150 120 30 Income tax expense 546 Income taxes payable 90 60 30 Net Income $546 16. How much cash (in millions) did UTEP Inc. collect from customers in 2018? A. $3,888 B. $3.924 C. $3.960 D. $3,996 E. $4,032 17. How much cash (in millions) did UTEP Inc. pay for interest in 2018? A. $156 B. $150 C. $120 D. $90 E. $84 18. How much cash (in millions) did UTEP Inc. pay to its suppliers in 2018? A. $1596 B. $1536 C. $1524 D. $1476 E. $1404 19. When preparing annual report, how should information about the composition of long-term debt be disclosed A. In the summary of significant accounting policies note. B. On the face of the balance sheet. C. In a separate disclosure note. D. None of the above