Additional information:

The operating expenses include the depreciation expenses and amortization expenses.

Required:

Compute the following using the Direct Method (Show your calculations).

1. How much is the cash received from customers?

2. How much is the cash paid to suppliers?

3. How much is the operating expenses paid?

4. HoW much is the Net cash provided by operating activities?

SHERLO The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020 2020 2012 $430,000 PPE Accumulated depreciation of PPE 185,000 175,000 Copyrights 55,000 65,000 Receivables 23,000 15,000 Inventory 65,000 82,000 Prepaid expenses 70,000 62,000 Cash 132.000 21.000 36:40.000 $515.000 Capital- preferred shares $42,000 23,000 Premium on preferred shares 140,000 160,000 Common stock 96,000 56,000 Retained earnings 45,000 34,000 Bond payable 57,000 Accounts payable 95,000 55,000 Accrued liabilities 165.000 187.000 $640.000 $515.000 The income statement for 2020 is as follows: Net sales Cost of goods sold Gross profit Operating expenses Net income Additional information: $950,000 492.000 458,000 190.000 $268.000 11 points Operating expenses Net income 458,000 190,000 $268,000 Additional information: The operating expenses include the depreciation expenses and amortization expenses. Required: Compute the following using the Direct Method (Show your calculations), 1. How much is the cash received from customers? 2. How much is the cash paid to suppliers? 3. How much is the operating expenses paid? 4. How much is the Net cash provided by operating activities? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B IUS Paragraph Arial 10pt X X ABC P O H V 111 x3 98