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In each of the following cases, use the information provided about the 2020...

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Accounting

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In each of the following cases, use the information provided about the 2020 operations of Prestige Water Corp. to calculate the indicated cash flow: (Amounts to be deducted should be listed as negative amounts.) Case A: $299,000 15, 220 20, 810 Case B: Calculate cash received from customers: Sales revenue Accounts receivable, January 1 Accounts receivable, December 31 Calculate cash paid for insurance : mm Insurance expense ** Prepaid insurance, January 1 Prepaid insurance, December 31 Calculate cash paid for salaries: Salaries expense Salaries payable, January 1 Salaries payable, December 31 $ 41, 140 6, 940 10, 190 Case C: $121,000 7,490 14,000 PRESTIGE WATER CORP. Statement of Cash Flows Case A Sales revenue Accounts receivable, December 31 Accounts receivable, January 1 Case B Cash receipts from customers Insurance expense Prepaid insurance, December 31 Prepaid insurance, January 1 Case C Cash paid for insurance Salaries expense Salaries payable, December 31 Salaries payable, January 1 Cash paid for salaries

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