Greene Corporation Balance Sheets At December 31
2019 2018
Assets:
Cash $ 27,040 $ 25,440
Accounts receivable 29,400 32,180
Merchandise inventory 70,625 59,710
Long-term investments 56,000 56,000
Equipment 175,500 145,500
Accumulated depreciation (33,550) (31,200)
Total assets $325,015 $287,630
Liabilities:
Accounts payable $ 62,745 $ 42,635
Salaries payable 10,200 10,725
Long Term Bonds payable 48,750 66,000
Total liabilities $121,695 $119,360
Equity:
Common stock 117,000 96,000
Paid-in capital in excess of par 13,000 9,000
Retained earnings 73,320 63,270
Total equity $203,320 $168,270
Total liabilities and equity $325,015 $287,630
Greene Corporation Income Statement For Year Ended December 31, 2019
Sales $240,000
Cost of goods sold $80,900
Depreciation expense 29,400
Other operating expenses 48,000
Interest expense 2,000 (160,300)
Other gains (losses):
Loss on sale of equipment (8,400)
Income before taxes 71,300
Income taxes expense 27,650
Net income $ 43,650
Additional information is as below:
(1) Received cash for the sale of equipment that had cost $37,550 yielding an $8,400 loss.
(2) New equipment was purchased for $67,550 cash.
(3) Cash dividends were paid.
(4) Additional shares of stock were issued for cash.
Required:
a. The total adjustment to reconcile net income to net cash provided by operating activities related to Accounts Receivable is ____________?
b. The total adjustment to reconcile net income to net cash provided by operating items not providing or using cash (non-cash revenues or expenses) is __________?