Question: Blue Corp, uses the direct method to prepars its statement of cash flowa. Blue trial balances at Decamber 31,2020 and 2019 , are as followe.


Blue Corp, uses the direct method to prepars its statement of cash flowa. Blue trial balances at Decamber 31,2020 and 2019 , are as followe. 1. Blue purchased $5 , 000 in equipment during 2020. 2. Blue allocated one-third of its depreciation expense to selling expenses and the remainder to gensral and administrative expenses. 3. Bad debt expense for 2020 was $5 , 000 , and write-offs of uncollectible aceounts totaled $4 , 800 . Determine what amounts Blue should report in its statement of cash flows for the year anded December 31,2020 , for the following items. (a) Cash collected from customers. $ (b) Cash paid to suppliers: (c) Cash paid for interast. (d) Cash paid for income taxss. (e) Cash paid forselline expenses
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