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Business, 13.05.2020 12:57 jbainbynn1296

The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 70,000 $ 60,000 $ 101,000 Cost of goods sold 37,500 28,500 67,500 Depreciation expense 10,500 2,500 26,500 Salaries and wages expense 5,500 13,500 8,500 Net income (loss) 16,500 15,500 (1,500 ) Accounts receivable increase (decrease) (1,200 ) 4,500 3,500 Inventory increase (decrease) 2,500 0 (3,500 ) Accounts payable increase (decrease) 0 3,000 (1,200 ) Salaries and wages payable increase (decrease) 1,750 (2,500 ) 1,200 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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