roblem $13\mathrm{.}1$A $($Algo$)$ Format of a Statement of Cash Flows $($LO$13-2,$ LO$13-3,$ LO$13-4)$

The accounting staff of Lambert Company has assembled the following information for the year ended December $31$ of the current year:

Cash sales $ $782,000$

Credit sales $2,500,000$

Collections on accounts receivable $2,195,000$

Cash transferred from the money market fund to the general bank account $250,000$

Interest and dividends received $100,000$

Purchases $($all on account$)1,800,000$

Payments on accounts payable to merchandise suppliers $1,510,000$

Cash payments for operating expenses $($including payroll$)1,055,000$

Interest paid $180,000$

Income taxes paid $95,000$

Loans made to borrowers $500,000$

Collections on loans $($excluding receipts of interest$)260,000$

Cash paid to acquire plant assets $3,100,000$

Book value of plant assets sold $664,100$

Loss on sales of plant assets $83,900$

Proceeds from issuing bonds payable $2,500,000$

Dividends paid $120,000$

Cash and cash equivalents, January $1512,000$

Required:

a$.$ Prepare a statement of cash flows. Use the direct method of reporting cash flows from operating activities.

b$-1.$ Compute the amount of collections from customers.

b$-2.$ Compute the amount of cash paid to suppliers and employees.

b$-3.$ Compute the amount of proceeds from sales of plant assets.