TIMER End Time: 04:41 PM / Remaining: 125 min. RESOURCES 2 4 Coronado Industries Comparative Balance Sheets December 31 2022 2021 Assets: Current Assets: Cash $ 1380000 $1100000 Accounts Receivable (net) 3100000 2170000 Inventory 3950000 2510000 Prepaid Expenses 704000 631000 Total Current Assets 9134000 6411000 Long-Term Investments 450000 Plant Assets: Property, Plant & Equipment 4360000 2879000 Accumulated Depreciation (901000 (539000 Total Plant Assets 3459000 Total Assets 2340000 $13043000 $8751000 8 2 10 11 12 13 15 116 12 18 19 120 $2190000 566000 Equities: Current Liabilities: Accounts Payable Accrued Expenses Dividends Payable Total Current Liabilities Long-Term Notes Payable Stockholders' Equity: Common Stock Retained Earnings Total Equities $2550000 617000 403000 3570000 1648000 2756000 22 n 24 n 25 6000000 1825000 $13043000 4600000 1395000 $8751000 core 2022 Coronado Industries Comparative Income Statements December 31, 2021 Net Credit Sales $14030000 $7505000 Cost of Goods Sold 7830000 3764000 Gross Profit 6200000 3741000 Operating Expenses (including Income Tax) 5172000 2750000 Net Income $1028000 $ 991000 Additional Information: 3. Accounts receivable and accounts payable relate to merchandise held for sale in the normal course of business. The allowance for bad debts was the same at the end of 2022 and 2021, and no receivables were charged against the allowance Accounts payable are recorded net of any discount and are always paid within the discount period b. The proceeds from the note payable were used to finance the acquisition of property, plant, and equipment. Capital stock was sold to provide additional working capital What amount of cash was paid on accounts payable to suppliers during 20227 What amount of cash was paid on accounts payable to suppliers during 2022? $9270000 $7530000. $8910000 $8250000 Click if you would like to Show Work for this question: Open Show Work