The following information is taken from the 2020 general ledger of Okonedo ASA.

Instructions
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.

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€ 40,000 Rent expense Prepaid rent, January 1 Prepaid rent, December 31 Rent 5,600 9,000 € 65,000 10,000 8,000 Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 Salaries Sales Sales revenue €170,000 Accounts receivable, January 1 Accounts receivable, December 31 19,000 7,000