Business, 05.05.2020 07:04 ebookhardt917

The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 71,000 $ 61,000 $ 102,000 Cost of goods sold 38,000 29,000 68,200 Depreciation expense 10,600 2,600 26,600 Salaries and wages expense 5,600 13,600 8,600 Net income 16,800 15,800 (1,400 ) Accounts receivable increase (decrease) (1,000 ) 4,600 3,600 Inventory increase (decrease) 2,600 0 (3,600 ) Accounts payable increase (decrease) 0 3,100 (1,000 ) Salaries and wages payable increase (decrease) 1,800 (2,600 ) 1,000 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

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