For Each of the Following Independent Cases, Use the Information

Essay

For each of the following independent cases, use the information provided to calculate the missing cash inflow or cash outflow:
(a.)
$$\begin{array} { | l | r | } \hline \text { Interest payable, begirning-year } & \$ 4,200 \\\hline \text { Interest expense } & \mathbf { 2 6 , 7 0 0 } \\\hline \text { Interest payable, year-end } & \mathbf { 3 , 0 0 0 } \\\hline \text { Cash paid for interest } & \$---- \\\hline\end{array}$$ (b.)
$$\begin{array} { | l | r | } \hline \text { Prepaid insurarice, begirring of year } & \$ 7,000 \\\hline \text { Irsurrance expense } & 16,800 \\\hline \text { Prepaid insurance, year-end } & 3,400 \\\hline \text { Cash paid for insurance } & \$--- \\\hline\end{array}$$ (c.)
$$\begin{array} { | l | r | } \hline \text { Interest receivable, begirning of year } & \$8 0 0 \\\hline \text { Interest reverue } & 12,600 \\\hline \text { Interest receivable, year-end } & 1,200 \\\hline \text { Cash received for interest } & \$--- \\\hline\end{array}$$ (d.)
$$\begin{array} { | l | r | } \hline \text { Accourits payable, begirning of year } & \$ 60,000 \\\hline \text { Cost of goods sold } & 244,000 \\\hline \text { Mercharndise irventory, begirning of year } & 35,000 \\\hline \text { Merchardise irventory, year-end } & 40,500 \\\hline \text { Accourts payable, year-end } & 64,800 \\\hline \text { Cash paid for merchardise } & \$--- \\\hline\end{array}$$