L Moving to another question will save this response. Question 8 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020: 2020 2019 PPE $430,000 $395,000 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 182.000 71.000 $640.000 $515.000 $42,000 23,000 Capital- preferred shares Premium on preferred shares 140,000 160,000 Common stock 96,000 56,000 45,000 34,000 Retained earnings Bond payable 57,000 Accounts payable 95,000 Accrued liabilities 165,000 $640,000 The income statement for 2020 is as follows: Net sales Cost of goode sold acer $950,000 402.000 55,000 187.000 $$15.000 Question Completion Status: T 2 5 6 The income statement for 2020 is as follows: Not sales $950,000 Cost of goods sold 492.000 Gross profit 458,000 190.000 Operating expenses Net income $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). V BIUS Paragraph Arial V V 10pt P Moving to another question will save this response. 12 Accounts payable Accrued liabilities 95,000 165.000 $640.000 EEV AV 35,000 187.000 $315.000