please answer last two subparts onlyDE CreditsAllowance for doubtful accountsAccumulated depreciation-plant assetsAccounts payableIncome taxes payableDeferred tax liability8% callable bonds payableCommon stockPaid-in capital in excess of parRetained earningsSales revenueAdditional information:12.3.1.2.3.(a)(b)(c)(d)(e)Cash collected from customers.Cash paid to suppliers.Cash paid for interest.Cash paid for income taxes.$1,300Cash paid for selling expenses.16,60025,00020,900$5,200$44,90049,900$9.100Determine what amounts Coronado should report in its statement of cash flows for the year ended December 31, 2020, for thefollowing items.$$1,000Coronado purchased $4,900 in equipment during 2020.Coronado allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrativeexpenses.15,100Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,700.15,30044,700537,600$755,200 $976,800Coronado purchased $4,900 in equipment during 2020,Coronado allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrativeexpenses.28,900Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled $4,700.4,50020,00040,0007,50064,000780,500 Coronado Corp. uses the direct method to prepare its statement of cash flows. Coronado trial balances at December 31, 2020 and2019, are as follows.DebitsCashAccounts receivable.InventoryProperty, plant, & equipmentUnamortized bond discountCost of goods soldSelling expensesGeneral and administrative expensesInterest expenseIncome tax expenseDecember 312020$35,20033,30031,30099,6004,600250,100140,300135,9004,30020,600$755,2002019$32,20029,90047,50094,7005,100378,800172,900151,6002,70061,400$976,800

PART A) CASH COLLECTED FROM CUSTOMERS = BEGINNING BALANCE + SALES - ENDING BALANCE - ACCOUNT…

Credits Allowance for doubtful accounts Accumulated depreciation-plant assets Accounts payable Income taxes payable Deferred tax liability 8% callable bonds payable Common stock Paid-in capital in excess of par Retained earnings Sales revenue $1,300 16,600 25,000 20,900 5,200 44,900 49,900 9.100 44,700 $1,000 15,100 15,300 28,900 4,500 20,000 40,000 7,500 64,000 537,600 780,500 $755,200 $976,800

Credits Allowance for doubtful accounts Accumulated depreciation-plant assets Accounts payable Income taxes payable Deferred tax liability 8% callable bonds payable Common stock Paid-in capital in excess of par Retained earnings Sales revenue $1,300 16,600 25,000 20,900 5,200 44,900 49,900 9.100 44,700 $1,000 15,100 15,300 28,900 4,500 20,000 40,000 7,500 64,000 537,600 780,500 $755,200 $976,800

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.10E

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