(10 PUNILS) Below is partial information from the financial statements for Nova Contracting Ltd.: Condensed Income Statement for the year ended December 31, 2019: Sales Revenue $ 450,000 Operating Expenses 272,500 Profit from operations 177,500 Income tax expense 110,000 Net profit $ 67,500 Partial Balance Sheet at December 31: 2019 2018 $160,000 $125,000 Accounts receivable 60.000 75,000 Accrued expenses payable* 25,000 37,500 Income taxes payable *Note: Accrued Expenses Payable relates to Operating Expenses Accounts receivable $160,000 $125,000 Accrued expenses payable* 60,000 75,000 Income taxes payable 25,000 37,500 *Note: Accrued Expenses Payable relates to Operating Expenses Required: 1. Calculate cash receipts from customers for 2019 (3 marks) 2. Calculate cash payments for operating expenses for 2019 (3 marks) 3. Calculate cash payments for income taxes for 2019 (3 marks) 4. Calculate net cash provided / (used) by operating activities for the year ended 2019 (1 mark) Show all of your work. Make sure to label all of your work so the marker can follow and grade your work t o should he shown using the following symbols: add (+), subtract (-)