Waubansee Corp. uses the direct method to prepare its statement of cash flows. Relevant balances for Waubansee at December 31, 2012 and 2011, are as follows.
| December 31 | ||||
| Debits | 2012 | 2011 | ||
| Cash | $35,500 | $32,230 | ||
| Accounts receivable | 32,790 | 29,640 | ||
| Inventory | 31,340 | 46,590 | ||
| Property, plant, & equipment | 108,140 | 92,700 | ||
| Unamortized bond discount | 4,170 | 5,210 | ||
| Cost of goods sold | 252,080 | 380,910 | ||
| Selling expenses | 141,400 | 171,630 | ||
| General and administrative expenses | 137,680 | 150,990 | ||
| Interest expense | 4,500 | 2,370 | ||
| Income tax expense | 20,310 | 61,590 | ||
| $767,910 | $973,860 | |||
| Credits | ||||
| Allowance for doubtful accounts | $1,730 | $1,120 | ||
| Accumulated depreciation | 16,443 | 13,380 | ||
| Trade accounts payable | 25,470 | 16,660 | ||
| Income taxes payable | 19,680 | 28,710 | ||
| Deferred income taxes | 5,060 | 4,380 | ||
| 8% callable bonds payable | 44,510 | 21,400 | ||
| Common stock | 53,880 | 37,200 | ||
| Paid in capital in excess of par—common stock | 8,660 | 7,480 | ||
| Retained earnings | 44,310 | 64,640 | ||
| Sales revenue | 548,167 | 778,890 | ||
| $767,910 | $973,860 | |||
Additional information:
| 1. | Waubansee purchased $15,440in equipment during 2012. | |
| 2. | Waubansee allocated one third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. | |
| 3. | Bad debt expense for 2012 was $4,930, and write offs of uncollectible accounts totaled$4,320. |
Determine what amounts Waubansee should report in its statement of cash flows for the year ended December 31, 2012, for the following items.
| (a) | Cash collected from customers. | $ |
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| (b) | Cash paid to suppliers. | $ |
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| (c) | Cash paid for interest. | $ |
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| (d) | Cash paid for income taxes. | $ |
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| (e) | Cash paid for selling expenses. | $ |