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Question 31 8 pts The information below was taken from the accounting records of Practicum. PRACTICUM 30-Jun 2024 2023 $39 300 Accounts receivable $ 59
Question 31 8 pts The information below was taken from the accounting records of Practicum. PRACTICUM 30-Jun 2024 2023 $39 300 Accounts receivable $ 59 700 Inventory 26 100 24 180 1 100 Prepaid insurance 1 350 Accounts payable 17 750 18 850 Accrued expenses 1 600 2 350 2 700 2 500 Interest payable Sales 135 000 Cost of sales 74 000 Operating expenses (including $23 500 depreciation) 44 000 Interest expense 2 700 Income tax expense 8 400 (Note: the same data has been provided in the pdf. document you downloaded before) Required: 1. Calculate the amount of cash collected from customers during 2024. 2. Calculate the amount of cash paid to suppliers for purchases during 2024. 3. Calculate the amount of cash paid to suppliers of services (including employees) during 2024. 4. Calculate the cash payment for interest during 2024. 5. Calculate the Operating Cash Flow for 2024
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