1. Pax Corp. uses the direct method to prepare its statement of cash flows. Pax's trial balances at December 31, 2015 and 2014 are as follows: December 31 2015 2014 Debits Cash $ 40,200 $ 36,000 Accounts receivable 32,000 27,000 Inventory 29,680 45,000 Property, plant, & equipment 72,000 75,000 Unamortized bond discount 3,600 4,000 Cost of goods sold 220,000 345,000 Selling expenses 118,000 140,000 General and administrative expenses 100,100 130,000 Interest expense 4,135 2,500 Income tax expense 14,400 41,200 $634,115 $845,700 Credits Allowance for uncollectible accounts 1,100 $ 1,000 Accumulated depreciation 10,500 12,000 Trade accounts payable 22,000 15,500 Income taxes payable 18,000 24,100 Deferred income taxes 6,000 4,000 8% callable bonds payable 35,000 18,000 Common stock 38,000 22,000 Additional paid-in capital 8,100 6,500 Retained earnings 57,915 52,000 Sales 437,500 690,600 $634,115 $845,700 Pax purchased $4,000 in equipment during 2015. Pax allocated one third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. There were no write-offs of accounts receivable during 2015. Required: For Paxs December 31, 2015 Statement of Cash Flows, answer the following questions: a. What is cash collected from customers for December 31, 2015? b. What is cash paid for purchases of merchandise inventory goods to be sold? c. What is cash paid for interest? d. What is cash paid for income taxes? e. What is cash paid for selling expenses?