SH FLOW QUESTION SHOW WORK 5 Points Each 1. Serena Company reports a $60,000 increase in inventory and a $20,000 CA increase in accounts payable during the year. Cost of Goods Sold for the year was $600,000. The cash payments made to suppliers were 2. Warren, Inc. had cash sales of S1,000,000 and credit sales of $2,000,000. The accounts receivable balance increased $40,000 during the year. How much cash did Warren receive from its customers during the year? 3. The beginning balance of Unearned Rent was S16,200 and the ending balance was $22,400. The Rent Earned for the year was $117,400. How much cash was received for rent? 4. If wages expense is $360,000 and the beginning and ending Wages Payable balances are $40,000 and 560,000, respectively, cash paid to employees for wages is: 5. The beginning balance of Prepaid Interest was S7,200 and the ending balance was S10,400. The Interest Expense account for the year was 534,400 How much cash was paid for interest? EXTRA CREDIT - What was the most important accounting concept and explain the WHY tnese helo? P