Question completion Status Question 2 10 points The following comparative statement of financial position for Dubai Co. is given for the financial periods 2019 and 2020: 2020 2019 PPE $430,000 5395,000 Accumulated depreciation of PPE (170,000) (155,000) Copyrights 45,000 58,000 Receivables 22,000 12,000 Inventory 65,000 72,000 Prepaid expenses 20,000 52,000 Cash 172.000 71.000 $634.000 5505.000 23,000 160,000 56,000 34.000 Capital preferred shares Premium on preferred shares Common stock Retained earnings Bond payable Accounts payable Accrued liabilities S42,000 150,000 96,000 45,000 57,000 65,000 179,000 5634.000 45,000 187.000 $505.000 The income statement for 2020 is as follows: ESSO. 000 34.000 II Bond payable Accounts payable Accrued liabilities 95.000 57,000 65,000 179.000 $634.000 45,000 187.000 SS05.000 The Income statement for 2020 is as follows: Net sales $850,000 Cost of goods sold 582.000 Gross profit 268,000 Operating expenses 170.000 Net income $98.000 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? For the toolbar, press ALT-F10 (PC) or ALT+FN+F10(Mac). Paragraph Arial 10pt V iii A 2. yo da