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Novak Corp. uses the direct method to prepare its statement of cash flows. Novak trial balances at December 31, 2017 and 2016, are as follows.

		December 31
Debits		2017		2016
Cash		$34,700		$31,700
Accounts receivable		32,700		29,800
Inventory		30,900		46,700
Property, plant, & equipment		99,800		94,800
Unamortized bond discount		4,500		5,000
Cost of goods sold		248,600		381,400
Selling expenses		142,800		170,600
General and administrative expenses		137,900		150,100
Interest expense		4,400		2,600
Income tax expense		20,400		61,200
		$756,700		$973,900
Credits
Allowance for doubtful accounts		$1,400		$1,000
Accumulated depreciationplant assets		16,500		15,000
Accounts payable		25,200		15,700
Income taxes payable		20,800		28,900
Deferred tax liability		5,300		4,600
8% callable bonds payable		45,000		20,000
Common stock		49,900		40,000
Paid-in capital in excess of par		9,200		7,500
Retained earnings		45,000		64,800
Sales revenue		538,400		776,400
		$756,700		$973,900

Additional information:

1.		Novak purchased $5,000 in equipment during 2017.
2.		Novak allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses.
3.		Bad debt expense for 2017 was $5,000, and write-offs of uncollectible accounts totaled $4,600.

Determine what amounts Novak should report in its statement of cash flows for the year ended December 31, 2017, for the following items.

(a)	Cash collected from customers.	$530,900 Correct
(b)	Cash paid to suppliers.	$223,300 Correct
(c)	Cash paid for interest.	$ 4,400 Incorrect
(d)	Cash paid for income taxes.	$28,500 Incorrect
(e)	Cash paid for selling expenses.	$142,300 Incorrect

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