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The Hanks Company's comparative balance sheets and income statement for years 20X1 and 20X2 are attached REQUIRED: Using the information contained in the above financial

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The Hanks Company's comparative balance sheets and income statement for years 20X1 and 20X2 are attached REQUIRED: Using the information contained in the above financial statements, compute the following for 20X2 (1) Cash received from customers for sales. (2) Cash payments for wages. (3) Cash payments for insurance. (4) Cash payments for merchandise inventory (cost of goods sold). (5) Cash payments for income taxes

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