For each of the following three separate cases, use the information provided about the calendar-year 2012 operations of Sahim Company to compute the required cash flow information.
Case A: | Compute cash received from customers: |
|
| Sales | $510,000 |
| Accounts receivable, December 31, 2011 | 25,200 |
| Accounts receivable, December 31, 2012 | 34,800 |
Case B: | Compute cash paid for rent: |
|
| Rent expense | $140,800 |
| Rent payable, December 31, 2011 | 8,800 |
| Rent payable, December 31, 2012 | 7,200 |
Case C: | Compute cash paid for merchandise: |
|
| Cost of goods sold | $528,000 |
| Merchandise inventory, December 31, 2011 | 159,600 |
| Accounts payable, December 31, 2011 | 67,800 |
| Merchandise inventory, December 31, 2012 | 131,400 |
| Accounts payable, December 31, 2012 | 84,000 |
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