Chapter 23, Problem 9E

To determine

Given Information:

	December 31
Debits	2017 ($)	2018 ($)
Cash	35,000	32,000
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
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

To determine the amounts L L should report in its statement of cash flows for the year ended December 31, 2017, for the following items.

(a) Collection from customers.

(b) Payment to suppliers.

(c) Payment for interest.

(d) Income tax payment.

(e) Selling expenses.