For Each of the Following Independent Cases, Use the Information

For each of the following independent cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.
$\begin{array}{|l|l|cc|} \hline \text { (a) } & \text { Interest payable, beginning-year } &\$4,200\\\hline \text { } & \text {Interest expense. } &26,700\\\hline \text { } & \text {Interest payable, year-end } &3,000\\ \hline\text { } & \text { Cash paid for interest } & \text { }\\\hline \text { } & \text { } & \text { }\\\hline \text { (b) } & \text { Prepaid insurance, beginning-year.} & \$7,000\\ \hline \text { } & \text { Insurance expense } &16,800\\\hline \text { } & \text {Prepaid insurance, year-end. } &3,400\\\hline \text { } & \text { Cash paid for insurance. } & \text { }\\ \hline\text { } & \text { } & \text { }\\\hline \text { (c) } & \text { Interest receivable, beginning-year } & \$800\\\hline \text { } & \text { Interest revenue } &12,600\\ \hline \text { } & \text {Interest receivable, year-end } & 1,200\\\hline \text { } & \text { Cash received for interest. } & \text { }\\\hline \text { } & \text { } & \text { }\\ \hline\text { (d) } & \text { Accounts payable, beginning-year. } & \$60,000\\\hline \text { } & \text { Cost of goods sold. } &244,000\\\hline \text { } & \text {Merchandise inventory, beginning-year. } & 35,000\\\hline \text { } & \text {Merchandise inventory, year-end } &40,500\\\hline \text { } & \text { Accounts payable, year-end } & 64,800\\\hline \text { } & \text { Cash paid for merchandise . } & \text { }\\\hline\end{array}$