The information below was taken from the ledger accounts of Fast Food Ltd. FAST FOOD LTD 2020 2019 $106 700 $86 500 Accounts receivable Allowance for doubtful debts 9 000 4 500 Inventory Prepaid insurance Accounts payable Wages payable Sales (on credit) Cost of goods sold Doubtful debts expense 58 360 42 200 3 200 3 700 34 500 38 700 3 000 4 500 265 000 132 000 8 600 Insurance expense 5 500 Wages expense Other expenses (including $5 000 depreciation 47 000 19 500 Required (1) Calculate the amount of cash collected from customers during 2020 by T-account. Accounts receivable Allowance for doubtful debts Cash receipts from customers: (2) Calculate the amount of cash paid to suppliers for purchases during 2020 by T-account Accounts payable Inventory Cash payments to suppliers: (3) Calculate the amount of cash paid to employees during 2020 by T-account Wages payable Cash payments to employees: (4) Calculate the amount of cash paid for insurance during 2020 by T-account Prepaid insurance Cash payments for insurance