Question: need it urgently Question 17 (10 points) Below is partial information from the financial statements for Nova Contracting Ltd.: Condensed Income Statement for the year

need it urgently  need it urgently Question 17 (10 points) Below is partial information
from the financial statements for Nova Contracting Ltd.: Condensed Income Statement for

Question 17 (10 points) Below is partial information from the financial statements for Nova Contracting Ltd.: Condensed Income Statement for the year ended December 31, 2019: Sales Revenue $ 900,000 Operating Expenses 545,000 Profit from operations 355,000 Income tax expense 220,000 Net profit $ 135,000 Partial Balance Sheet at December 31: 2019 2018 Accounts receivable $320,000 $250,000 Accrued expenses payable* 120,000 150,000 Income taxes payable 50,000 75,000 *Note: Accrued Expenses Payable relates to Operating Expenses Required: AAA Required: 1. Calculate cash receipts from customers for 2019 (3 marks) 2. Calculate cash payments for operating expenses for 2019 (3 marks) 3. Calculate cash payments for income taxes for 2019 (3 marks) 4. Calculate net cash provided / (used) by operating activities for the year ended 2019 (1 mark) Show all of your work. Make sure to label all of your work so the marker can follow and grade your work

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