Question: Please Show steps Determining Operating Cash Flows-Direct Method Adjusted trial balances for Garboz Company, an industrial recycler, at December 31, 2020, and 2019, follow. Debits,

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Determining Operating Cash Flows-Direct Method Adjusted trial balances for Garboz Company, an industrial recycler, at December 31, 2020, and 2019, follow. Debits, December 31 Cash Accounts receivable 2020 2019 $31,500 $28,800 29,700 27,000 27,900 43,200 90,000 85,500 4,050 4,500 225,000 342,000 127,350 154,800 123,300 136,170 3,870 2,340 18,360 55,080 $681,030 $878,490 2020 2019 Inventory Property, plant, and equipment Discount on bonds payable Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total debits Credits, December 31 Allowance for doubtful accounts Accumulated depreciation Trade accounts payable Income taxes payable Deferred income tax liability Callable bonds payable, 8% Common stock Additional paid-in capital Retained earnings Sales $ 1,170 $ 990 14,850 13,500 22,500 15,750 18,900 24,390 4,770 4,140 40,500 18,000 45,000 36,000 8,190 6,750 40,230 58,140 484,920 700,830 $681,030 $878,490 Total credits Additional information 1. Purchased $4,500 of equipment in 2020. 2. Allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. 3. Assume no accounts receivable were written off or recovered during the year. Required What amounts should Garboz report in its statement of cash flows for the year ended December 31, 2020, for the following? Note: Do not use negative signs with your answers. 0 0 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 $ 0 0 0
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