Determination of Missing AmountsCash Flow from Operating Activities

Required:

The computation of cash provided by operating activities requires analysis of the noncash current asset and current liability accounts. Using T accounts, determine the missing amounts for each of the following independent cases:

Case 1
Accounts receivable, beginning of year		$174,000
Accounts receivable, end of year		113,000
Credit sales for the year		191,000
Cash sales for the year		75,000
Write-offs of uncollectible accounts		31,000
Total cash collections for the year (from cash sales and collections on account)		$
Case 2
Inventory, beginning of year		$26,000
Inventory, end of year		50,000
Accounts payable, beginning of year		22,000
Accounts payable, end of year		13,000
Cost of goods sold		135,000
Cash payments for inventory (assume all purchases of inventory are on account)		$
Case 3
Prepaid insurance, beginning of year		$21,000
Prepaid insurance, end of year		23,000
Insurance expense		17,000
Cash paid for new insurance policies		$
Case 4
Income taxes payable, beginning of year		$91,000
Income taxes payable, end of year		99,000
Income tax expense		64,000
Cash payments for taxes		$