Waubansee Corp. uses the direct method to prepare its statement of cash flows. Waubansees trial balances at December 31, 2010 and 2009 are shown below.

Waubansee Corp. uses the direct method to prepare its statement of cash flows. Waubansee’s trial balances at December 31, 2010 and 2009 are shown below.

Additional information:
1. Waubansee purchased $5,000 in equipment during 2010.
2. Waubansee allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses.
3. Bad debt expense for 2010 was $5,000, and write-offs of uncollectible accounts totaled $3,800.
4. Interest expense includes $500 of discount amortization.

Instructions
Determine what amounts Waubansee should report in its statement of cash flows for the year ended December 31, 2010, for the following items.
(a) Cash collected from customers.
(b) Cash paid to suppliers.
(c) Cash paid for interest.
(d) Cash paid for income taxes.
(e) Cash paid for sellingexpenses.

December 31 2010 2009 Debits Cash Accounts receivable Inventory Property, plant, & equipment Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 33,000 31,000 100,000 250,000 141,500 137,000 4,300 20,400 $752,200 35,000 32,000 30,000 47,000 95,000 380,000 172,000 151,300 2,600 61,200 $971,100 Credits Allowance for doubtful accounts Accumulated depreciation Trade accounts payable Income taxes payable Deferred income taxes 8% callable bonds payable Share capita ordinary Share premium-ordinary Retained earnings Sales $ 1,300 1,100 13,500 17,000 29,100 4,600 15,000 40,000 7,500 64,600 778,700 $971,100 16,500 25,000 21,000 5,300 40,500 50,000 9,100 44,700 538,800 $752,200