Udo os Onerating, Investing, and Financing Activities LOI The following transactions occurred for a compa that uses the direct method to prepare its statement of cash flows. A company purchases its own common stock in the open market and immediately retires it LA company issues common stock in exchange for land. A six-month bank loan is obtained. Thirty-year bonds are issued. A customer pays the balance in an open account. Income taxes are paid. Cash sales are recorded. Cash dividends are declared and paid. A creditor is given common stock in exchange for a long term note. A new piece of machinery is acquired for cash. _Stock of another company is acquired as an investment. _Interest is paid on a bank loan. m. - Workers are paid for one week's wages. Required For each of the preceding transactions, fill in the blank to indicate whether it would appear in the operating activities section (O), in the investing activities section (I), or in the financing activities section (F). Put an (S) in the blank if the transaction does not affect cash but is reported in a supplemen- tal schedule of noncash activities. I. 4. Accrual to Cash Conversions LOL. 2 Each of the following cases is an independent situation: Case 1 Accounts receivable, beginning balance $250,000 Accounts receivable, ending balance 200,000 Credit sales for the year 275,000 Cash sales for the year 160,000 Uncollectible accounts written off 135,000 Total cash collections for the year Case 2 Inventory, beginning balance $180,000 Inventory, ending balance 155,000 Accounts payable, beginning balance 125,000 Accounts payable, ending balance 115,000 Cost of goods sold 275,000 Cash payments for inventory (assume that all purchases are on account) Case 3 Prepaid insurance, beginning balance $ 27,000 Prepaid insurance, ending balance 30,000 Insurance expense 25,000 Cash paid for new insurance Case 4 Interest payable, beginning balance $105,000 Interest payable, ending balance 125,000 Interest expense 300,000 Cash payments for interest Case 5 Income taxes payable, beginning balance $ 55,000 Income taxes payable, ending balance 75,000 Income tax expense 100,000 Cash payments for income taxes Required Determine the missing amount for each individual case