Use the above information to answer the following questions from a to e (Use direct method and

show all calculations):

Washington Company
Balance Sheet
December 31, 20X3 and 20X2

12/31/X3 12/31/X2
Current Assets:
Cash $ 4,600 $ 3,100
Accounts Receivable 9,500 7,900
Supplies 1,200 2,100
Inventory 17,500 18,600
Prepaid Insurance 1,400 1,000
Total Current Assets $ 34,200 $ 32,700
Long-term Assets:
Fixed Assets $ 71,000 $ 58,000
Accumulated Depreciation (30,400) (26,500)
Patent 6,000 7,000
Total Long-term Assets $ 46,600 $ 38,500
Total Assets $ 80,800 $ 71,200

Current Liabilities:
Accounts Payable $6,100 $4,900
Wages Payable 2,200 2,600
Interest Payable 800 1,000
Taxes Payable 2,300 1,500
Total Current Liabilities $11,400 $10,000
Long-term Liabilities: Bonds 20,300 24,000
Payable
Total Liabilities $ 31,700 $ 34,000
Stockholders' Equity:
Common Stock $ 22,700 $ 20,000
Retained Income 26,400 17,200
Total Stockholders' Equity $ 49,100 $ 37,200
Total Liabilities and $ 80,800 $ 71,200
Stockholders' Equity

Washington Company
Income Statement
For the Year Ended December 31, 20X3

Sales $147,500
Cost of Goods Sold (63,800)
Gross Profit $ 83,700
Less Operating Expenses:
Wage Expense $40,200
Supply Expense 3,600
Insurance Expense 3,000
Depreciation Expense 3,900
Amortization Expense 1,000
Rent Expense 5,400
Operating Income $ 26,600
Interest Expense (2,600)
Income before Taxes $ 24,000
Income Tax Expense (10,800)
 Net Income $ 13,200

(a) What was the cash collected from customers by Washington Company in 20X3?
(b) How much inventory did Washington Company purchase in 20X3?
(c) What was the cash paid to suppliers of inventory by Washington Company in 20X3?
(d) What was the cash paid to employees by Washington Company in 20X3?
(e) What was the cash paid for supplies by Washington Company in 20X3?
(f) Using indirect method, compute the net cash used/provided by operating activities? (Use
the proper format of indirect method).