Connect Assignment for Weeks 9 to 11 (including Appe... (1) Balance Sheet June 30th, Year 5 0.4 points. The following are all transactions that happened during Year 6 : Made sales on account of $250,000 Collected accounts receivable of $245,000 Purchased merchandise on account of $134,000 Determined cost of goods sold was $140,000 Paid accounts payable (for merchandise purchased) of $123,950 Paid wages to employees of $52,500 Accrued wages expense (and wages payable) of $1,500 at June 30 th, Year 6 . Paid insurance premium of $5,125 to extend coverage for three years. Allocated $5,000 of prepaid insurance to insurance expense. Recorded Year 6 total income tax expense (and income tax payable) of $13,000 Paid income taxes to government of $11,500 (this represents the final portion of Year 5 taxes and initial installments o Depreciation for the year $10,000 Required 1: What is the amount of Cash received (paid) from suppliers in year 6 ? $ Required 2: What is the amount of cash paid for insurance in year 6 ? \$ Required 3: What is the amount of cash generated (used) by operations in year 6 ? \$ Required 4: What is amount of cash generated (used) by Insurance in year 6 ? \$ Required 5: What is amount of cash generated (used) by Accounts Payable in year 6 ? \$ Required 6: What is ending balance of Cash at the end of Year 6? \$ Required 7: What is ending balance of Prepaid Insurance at the end of Year 6 ? $