142. The follow are two independent items and corresponding transactions related to each: (1) An analysis of the general ledger accounts indicates that office equipment which cost $68,000 and...

(1)

An analysis of the general ledger accounts indicates that office equipment which cost $68,000 and on which accumulated depreciation totaled $22,500 on the date of sale was sold for $39,600 during the year. Using this information indicate the items to be reported on the statement of cash flows.

(2)

An analysis of the general ledger accounts indicates that delivery equipment, which cost $97,000 and on which accumulated depreciation totaled $42,100 on the date of sale, was sold for $47,500 during the year. Using this information, indicate the items to be reported on the statement of cash flows.

(1)

If sales for the current year were $695,000 and accounts receivable decreased by $43,500 during the year, what was the amount of cash received from customers?

(2)

If income tax expense for the current year was $56,000 and income tax payable decreased by $5,200 during the year, what was the amount of cash payments of income tax?