Use the information given for Pro Consultants, Inc., to calculate the following:

a. Cash paid for utilities
b. Cash paid for interest
c. Cash paid for inventory items
d. Cash collected from customers
e. Cash proceeds from stockissue

Transcribed Image Text:

From the Financial Statements for Pro Consultants, Inc. Balance Sheet Income Statement Amount for the Year $105,050 Beginning of the Year End of the Year Sales revenue Accounts receivable Utilities expense Utilities payable Cost of goods sold Inventory Accounts payable Interest expense Interest payable Common stock and additional 10 ,000 16,500 3,500 5,500 8,700 2,000 35,500 10,500 2,000 500 2,550 400 175,000 325 260,000 paid-in capital