5 Practice Problem Set - Week 1 Context: You are working for a company that is asking you to perform some analysis on some company financials. The company is doing great and you are being asked to perform the following analysis to report back to the CFO! Respond to the following situation. Cash Accounts receivable, net Inventory 20X8 $ 36,000 30,000 20X2 $ 24,000 32,000 120,000 73,000 Prepaid Rent 6,000 15,000 Land 120,000 190,000 Building 200,000 200,000 Accumulated depreciation (50,000) (40,000) Equipment 1,030,000 600,000 Accumulated depreciation 118.000) (94.000) Totals $1.374.000 $1.000.000 Accounts payable $106,000 $ 93,000 Rent payable 3,000 2,000 Dividends payable 7,000 1,000 Income taxes payable 11,000 Deferred taxes 3,000 3,000 1,000 Bonds payable 303,000 -0 Capital stock, $10 par 760,000 720,000 Retained earnings 197,000 180,000 Treasury stock (16.000) 9 Totals $1.374.000 $1.000.000 Sales -Cost of Goods Sold -Depreciation Expense - Rent Expense Blues Company Income Statement For the Year Ended December 31, 20x8 +Gain on Sale of Land -Loss on Sale of Equipment Tax Expense -Net Income Additional Data: Land was sold. $430,000 (160,000) (106,000) (34,000) 9,000 (15,000) (36.000) $88.000 Equipment costing $120,000 with accumulated depreciation of $72,000 was sold. Cash dividends were declared and paid. I Using the above data, what is cash received from customers in 20x8, cash paid to suppliers, cash paid for rent, cash paid for taxes, cash received from sale of equipment, amount of dividends declared, cash paid for dividends, cash from operating activities, cash for investing activities, and cash for financing activities (ALL IN 20x81)?