The following information is taken from the general ledger of Blossom Limited: 1. Sales revenue Accounts receivable, January 1 Accounts receivable, December 31 $173,250 14,427 23,310 2. $69,300 5,796 Cost of goods sold Inventory, January 1 Inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 3.717 5,418 4,347 3. Operating expenses Depreciation expense (included in operating expenses) Prepaid expenses, January 1 Prepaid expenses, December 31 Accrued expenses payable, January 1 Accrued expenses payable, December 31 $44,100 12,600 1,890 3,465 4,095 2.835 4. Interest expense Interest payable, January 1 Interest payable, December 31 Notes payable, January 1 Notes payable, December 31 $ 11,340 5,040 2,520 248,850 250,110 4. Interest expense Interest payable, January 1 Interest payable, December 31 Notes payable, January 1 Notes payable, December 31 $ 11.340 5.040 2.520 248,850 250,110 Using the direct method, calculate (a) Cash receipts from customers $ (b) Cash payments to suppliers $ (c) Cash payments for operating expenses $ (d) Cash payments for interest expense $ Save for Later Attempts: 0 of 15 used Submit Answer O Type here to search