Pronghorn Corp. uses the direct method to prepare its statement of cash flows. Pronghorn trial balances at December 31, 2020 and 2019, are as follows. December 31 Debits 2020 2019
Cash $35,200 $32,100
Accounts receivable 33,000 30,000
Inventory 31,000 47,000
Property, plant, and equipment 100,000 95,000
Unamortized bond discount 4,500 5,000
Cost of goods sold 250,000 380,000
Selling expenses 141,500 172,000
General and administrative expenses 137,000 151,300
Interest expense 4,300 2,600
Income tax expense  20,400  61,200
$756,700 $976,100
December 31 2020 2019
Credits
Allowance for doubtful accounts $ 1,300 $ 1,100
Accumulated depreciation—plant assets 16,500 15,000
Accounts payable 25,000 15,500
Income taxes payable 21,000 29,100
Deferred tax liability 5,300 4,600
8% callable bonds payable 45,000 20,000
Common stock 50,000 40,000
Paid-in capital in excess of par 9,100 7,500
Retained earnings 44,700 64,600
Sales revenue  538,800  778,700
$756,700 $976,100
Additional information:
1.Los Lobos purchased $5,000 in equipment during 2020.
2.Los Lobos allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses.
3.Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,800.
Instructions
Determine what amounts Los Lobos should report in its statement of cash flows for the year ended December 31, 2020, 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 selling expenses.