The income statement for Sunland Company showed cost of goods sold of $86,300 and operating...
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Accounting
The income statement for Sunland Company showed cost of goods sold of $86,300 and operating expenses of $67,100. The comparative balance sheets for the year show that inventory decreased $7,100, prepaid expenses increased $9,100, accounts payable increased $5,100, and accrued expenses payable decreased $7,100. Compute cash payments to suppliers and cash payments for operating expenses using the direct method. Cash payments to suppliers $ Cash payments for operating expenses $ eTextbook and Media
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