Comparative Balance Sheets At 12-31-18 At 12-31-17 Income Statement For period 01-01-18 to 12-31-18 Assets Cash Accounts Receivable Inventory Prepaid Expenses Equipment Accum Depreciation Total Assets 515,000 195,000 320,000 $ 52,000 $ 22.000 6 16,000 S 4,000 $ 305,000 $ (15,000 $ 384.000 40,000 27.000 12.000 2,000 240,000 (10,000) 311.000 Sales COGS Gross Profit Operating Expenses Depreciation Expense Other Expenses Total Operating Expenses Income Before Taxes Income Tax Expense Net Income $ $ 5,000 170.000 $ 175,000 145,000 48.000 97.000 Liabilities & SE Accounts payable Income Tax Payable Common Stock Retained Earnings Total Liabilities & SE 30,000 $ 7,000 $ 186,000 $ 161,000 $ 384.000 $ 20,000 10,000 176,000 105,000 311.000 Given: Sales are all on credit and Merchandise Inventory are all purchased on credit. Only one piece of equipment was purchased during the year; no equipment was sold. Retained Earnings was affected only by Net Income and Dividends paid. REQUIRED: 1. How much cash inflow is generated from sales on collection of Accounts Receivable? 2. How much cash was paid to suppliers for Merchandise inventory? 3. How much cash dividends did the company pay out to its shareholders in 2018 - 4. Using the Indirect Method of determining Cash Flows, determine the Net Cash Provided by Operating Activities.