Stepp Entertainment Has the Following Selected Balance Sheet and Income $\begin{array}{ll} & \text { For the Year Ended } \\\text { Income Statement Accounts } & December 31,2012 \\\end{array}$

question 101

Essay

Stepp Entertainment has the following selected balance sheet and income statement information:

$\begin{array}{ll} & \text { For the Year Ended } \\\text { Income Statement Accounts } & December 31,2012 \\\end{array}$
$\begin{array}{ll}\text { Income Tax Expense } &&&& \$ 15,000 \\\text { Cost of Goods Sold } &&&& 164,000 \\\text { Sales } &&&& 523,000 \\\text { Wage Expense } &&&& 88,000\end{array}$ $$\begin{array} { l c c } \text { Balance Sheet Accounts } & \text { At December } 31,2012 & \text { At December 31,2011 } \\ \text { Accounts Payable } & \$ 19,000 & \$ 17,000 \\\text { Cash } & 19,000 & 12,000 \\\text { Income Taxes layable } & 21,000 & 9,000 \\\text { Accounts Receivable } & 41,000 & 36,000 \\\text { Inventory } & 12,000 & 23,000 \\\text { Wages Iayable } & 5,000 & 12,000\end{array}$$ Determine the following items for Stepp Entertainment for the year ended December 31,2012:
a.Cash received from customers
b.Cash paid to suppliers
c.Cash paid for wages
d.Cash paid for income taxes

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Definitions:

NREM-3 (N3)

The third stage of non-rapid eye movement sleep, characterized by deep sleep and the most difficult stage from which to be awakened.

Delta Waves

Slow brain waves predominantly observed in the deepest stages of sleep, representing a state of unconsciousness and regenerative rest.

N3 Sleep

The deepest stage of Non-REM (NREM) sleep, characterized by slow brain waves and considered essential for restorative sleep and memory consolidation.

Sleep Cycle

The progression through various stages of non-REM and REM sleep that occurs repeatedly during a typical night's rest.