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Balance Sheet Data (December 31) Cash Inventory ............ Prepaid general expenses ......... Property, plant & equipment (PPE). Accumulated depreciation....... Total Assets ....... 2019 $ 500 1,420 600 2,800 (320 $ 5,000 2018 $ 300 1,090 650 2,495 (139) S_4.396 295 Accounts payable. Income tax payable......... Unearned sales revenue. Dividends payable Mortgage payable.............. Common stock............ Retained earnings (ending balance, after closing)........... Total Liabilities and Equity. $ 365 400 250 240 1,100 1,000 1,645 $ 5.000 435 278 225 1,365 600 $ 4,396 $ 10,100 Income Statement Data (for 2019) Sales. Loss on sale of PPE. $ (160) Cost of goods sold... (6,300) General expenses.................. (1,700) Depreciation expense (320) Income tax expense... (950) Olai CapelliSCS.................... Net income. (9.430) 670 $ 41. How can you know if you have prepared the statement of cash flows correctly? The sum of operating, investing, and financing cash flows should equal 500 Operating cash flows should equal 200 Operating cash flows should equal 500 The sum of operating, investing, and financing cash flows should equal 200 42. Assuming Kimball uses the direct method, what is cash collected from customers? $10,072 $10,128 $10,100 $9,850 43. Assuming Kimball uses the direct method, what is cash paid to suppliers? ($6,040) ($6,630) C($6,560) ($6,230) 44. Assuming Kimball uses the direct method, what is cash paid for general expenses? ($1,750) ($1,650) ($1,700) ($2,300) 45. Assuming Kimball uses the direct method, what is cash paid for taxes? C($915) ($985) ($950) ($1,350) 46. What is cash paid for the purchase of PP&E? $444 $794 $305 $94 47. What is cash received from the sale of PP&E? $350 $510 $160 $190 48. What is cash paid for dividends? $223 $240 $208 $225 49. What is cash paid to reduce mortgage payable? $615 $265 $1,100 $1,365 50. What is cash received from the issuance of stock? $50 $600 $1,000 $400

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