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IMT Co. reported the following selected information for 2010: Sales revenue .......................................................................................... $865,000 Cost of...

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Accounting

IMT Co. reported the following selected information for 2010:

Sales revenue .......................................................................................... $865,000

Cost of goods sold.................................................................................. 360,000

Depreciation expense ............................................................................. 43,000

Salaries & wages expense ... 178,000

Rent Expense .. 95,000

Beginning of Year End of Year

Accounts receivable ..................................... $ 15,000 $ 35,000

Prepaid rent ................................................... 21,000 15,000

Salaries & wages payable ............................. 33,000 18,000

Required:Use the above information to calculate:

The cash collected from customers

ii)The cash paid for depreciation

iii)The cash paid to employees

iv)The cash paid for rent

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