Question: Nash Corp. uses the direct method to prepare its statement of cash flows. Nash trial balances at December 31, 2020 and 2019, are as follows.

Nash Corp. uses the direct method to prepare its statement of cash flows. Nash trial balances at December 31, 2020 and 2019, are as follows.

December 31

Debits

2020

2019

Cash

$35,100

$32,300

Accounts receivable

33,200

30,000

Inventory

31,200

47,400

Property, plant, & equipment

100,300

95,200

Unamortized bond discount

4,600

5,100

Cost of goods sold

251,100

382,800

Selling expenses

142,300

173,000

General and administrative expenses

137,800

149,800

Interest expense

4,300

2,600

Income tax expense

20,200

61,000

$760,100

$979,200

Credits
Allowance for doubtful accounts

$1,300

$1,100

Accumulated depreciationplant assets

16,400

14,900

Accounts payable

25,000

15,400

Income taxes payable

21,100

29,300

Deferred tax liability

5,300

4,600

8% callable bonds payable

45,400

20,000

Common stock

50,100

40,000

Paid-in capital in excess of par

9,200

7,500

Retained earnings

45,200

65,200

Sales revenue

541,100

781,200

$760,100

$979,200

Additional information:

1. Nash purchased $5,100 in equipment during 2020.
2. Nash allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses.
3. Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,800.

Determine what amounts Nash should report in its statement of cash flows for the year ended December 31, 2020, for the following items.

(a) Cash collected from customers.

$

(b) Cash paid to suppliers.

$

(c) Cash paid for interest.

$

(d) Cash paid for income taxes.

$

(e) Cash paid for selling expenses.

$

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