Untitled https://learn-ap Question 1 The information below was taken from the ledger accounts of Fantastic Food Ltd. FANTASTIC FOOD LTD 2019 2020 Sales (on credit) $301 000 Cost of goods sold 132 000 Doubtful debts expense 8 600 Rent expense 3 800 Salaries expense 39 000 Other expenses (including $4500 depreciation) 19 500 Accounts receivable $86 500 106 700 Allowance for doubtful debts 4 500 9 000 Inventory 42 200 58 360 Prepaid rent 3 700 3 200 Accounts payable 40 500 34 500 Salaries payable 6 000 1 500 Required (1) Calculate the amount of cash collected from customers during 2020 by T-account. (2) Calculate the amount of cash paid to suppliers for purchases during 2020 by T-account. (3) Calculate the amount of cash paid to employees during 2020 by T-account. (4) Calculate the amount of cash paid for rent during 2020 by T-account