Question: homework help? Using the direct method, completejupiter Corp.'s December 31, Year 5, operating activities section of the statement of cash ows using the information below.

homework help?

homework help? Using the direct method, completejupiter Corp.'s December 31, Year 5,

Using the direct method, completejupiter Corp.'s December 31, Year 5, operating activities section of the statement of cash ows using the information below. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. Item Amount 1.]upiter reported cost of goods sold for Year 5 of $275,000. Jupiter's inventory increased by $95,000 for Year 5, and accounts payable to suppliers increased by $25,000. In Year 5,]upiter paid what amount of cash to suppliers? 2. Jupiter's prepaid insurance onJanuary1 was $60,000, and it was $50,000 on December 31. Insurance expense was $25,000 for Year 5 and $9,000 for Year 4. Determine the amount of cash Jupiter paid for insurance in Year 5. 3. The beginning balance of accounts receivable was $20,500, and the ending balance is $33,000. No accounts were written off or recovered during the yea r. For the year,Jupiter had sales on account and cash sales of $450,000. How much cash did Jupiter collect from customers for Year 5? 4. Calculatejupiter's Year 5 cash disbursement for income taxes, using the following information: Income tax expense for Year 5 is $20,400; income taxes payable balance onJanuary1 was $29,100 and on December 31 is $21,000; balance onjanuary1 for deferred income taxes was $4,600 and on December 31 is $5,300

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