Rize Kamishiro Corp. uses the direct method to prepare its statement of cash flows. Rize Kamishiro's trial balances at December 31, 2021 and 2022 are as follows: 12/31/22 12/31/21 Debits Cash P35,000 33,000 P32,000 Accounts receivable 30,000 47,000 95,000 5,000 Inventory Property, plant and equipment 31,000 100,000 4,500 Unamortized bond discount Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense 380,000 172,000 151,300 2,600 61,200 P976,100 250,000 141,500 137,000 4,300 20,400 P756,700 Credits Allowance for uncollectible accounts P1,300 16,500 25,000 21,000 5,300 45,000 50,000 9,100 44,700 538,800 P756,700 P1,100 Accumulated depreciation Trade accounts payable Income taxes payable Deferred tax liability 8% callable bonds payable Share capital Share premium Retained earnings Sales 15,000 17,500 27,100 4,600 20,000 40,000 7,500 64,600 778,700 P976,100 • Rize Kamishiro purchased P5,000 in equipment during 2022. • Rize Kamishiro allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. QUESTIONS: Based on the foregoing, what amounts should Rize Kamishiro report in its statement of cash flows for the year ended December 31, 2022 for- 1. Cash collected from customers? 2. Cash paid for goods to be sold? 3. Cash paid for interest? 4. Cash paid for income taxes? 5. Cash paid for selling expenses?

How would you prepare a statement of Cash Flows using the following information? Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019   2020 2019  Increase/Decrease       Assets       Cash and cash Equivalent  $   51,500.00  $   45,400.00  $              6,100.00 Accounts Receivable  $   51,100.00  $   61,400.00  $            10,000.00 Inventories  $   61,400.00  $   51,900.00  $              9,500.00 Fixed Assets, net  $ 160,000.00  $ 110,000.00  $            50,000.00 Total Assets  $ 324,000.00  $ 268,700.00  $            55,600.00      Liabilities       Accounts Payable  $   35,450.00  $   27,800.00  $              7,650.00 Accrued liabilities  $   31,000.00  $   37,550.00 -$             6,550.00 Long-term notes payable  $   60,000.00  $   78,540.00 -$           18,540.00      Stockholders Equity:       Common Stock  $ 143,050.00  $ 105,110.00  $            37,940.00 Retained Earnings  $   54,800.00  $   19,700.00  $…

Required information [The following information applies to the questions displayed below.] Portions of the financial statements for Parnell Company are provided below. For the Revenues and gains: Sales Cost of goods sold Gain on sale of building Expenses and loss: Salaries Insurance Depreciation PARNELL COMPANY Income Statement Income tax expense Year Ended December 31, 2021 ($ in thousands) Interest expense Loss on sale of equipment Income before tax Net income $ 820 10 $310 122 42 125 52 13 $830 664 166 83 $ 83

Bannister Company reported operating expenses of $375,000 for 2020. The following data were extracted from the company's financial records: 12/31/19 12/31/20 $ 60,000 $ 69,000 Prepaid Expenses Accrued Expenses 210,000 255,000 On a statement of cash flows for 2020, using the direct method, cash payments for operating expenses should be O a. $339,000 O b. $321,000 O C. $411,000 O d. $429,000