You work for the Plains State Bank as an analyst specializing in the financial statements of small businesses seeking loans from the bank. Digit Retail Enterprises Inc. provides you with its balance sheet for December 31, 2012 and 2013 (Exhibit 6.21), and its income statement for 2013 (Exhibit 6.22). Digit Retail Enterprises,

Exhibit 6.21.

Exhibit 6.22
Sales Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $270,000
Gain on Sale of Property, Plant, and Equipment . . . . . . . . . . . . . . . 3,200
Interest Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200
Total Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . $273,400
Less Expenses:
Cost of Goods Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . $145,000
Salaries Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68,000
Rent Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000
Insurance Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000
Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000
Other Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,800
Total Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $263,800
Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,600
Inc., acquired no new property, plant, and equipment during the year.
a. Calculate the amount of cash received from customers during 2013.
b. Calculate the acquisition cost of merchandise purchased during 2013.
c. Calculate the amount of cash paid to suppliers of merchandise during 2013.
d. Calculate the amount of cash paid to salaried employees during 2013.
e. Calculate the amount of cash paid to insurance companies during 2013.
f. Calculate the amount of cash paid to landlords for space rented during 2013.
g. Calculate the amount of dividends paid during 2013.
h. Calculate the amount of cash received when property, plant, and equipment were sold during2013.

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December 31, 2013 December 31, 2012 ASSETS Current Assets 50,000 38,000 S 36,000 23,000 7,500 100 48,000 9,000 2,000 $125,600 Notes Receivable 65,000 12,000 $165,000 90,000 Property, Plant, and Equipment At Cost $100,000 (35,000 (20,000) S 80,000 $205,600 $ 55,000 $220,000 Net.. .. LIABILITIES AND SHAREHOLDER'S EQUITY Current Liabilities Accounts Payable-Merchandise Suppliers. . . . . . . . . . . S 18,000 2,100 20,000 2,800 3,000 6,100 5,500 2,600 3,700 43,700 Advances from Customers. 8,500 4,200 1,300 S 34,100 Other Current Liabilities. Shareholders' Equity Common Stock. $164,500 11,800 $176,300 $220,000 S160,000 11,500 $171,500 $205,600