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The Income statement for 2020 is as follows: Net sales S850,000 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). BIS Paragraph Arial 10pt XXXTTT V !!! !!! T 1P + es 1992 Question 10 The following comparative statement of financial position for Dubai Co. is given for the financial periods 2019 and 2020 2020 2012 PPE S430,000 $395.000 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 70.000 52.000 Cash 172.000 21.000 S634.000 S505.000 Capital preferred shares Premium on preferred shares Common stock Retained earnings Bond payable Accounts payable Accrued liabilities 23.000 160,000 56,000 34,000 S42.000 150,000 96,000 45,000 57.000 65,000 179.000 S634.000 45,000 187.000 S505.000