Calculating components of cash flow from operations. Exhibit 4.19 provides items from the financial statements of Information Technologies, a systems engineering firm, for Year 2.

How much cash did Information Technologies collect from its customers during Year 2?

EXHIBIT 4.19 Information Technologies Data from Income Statement for Year 2

(Problem 22) (fill amounts in thousands)

Sales Cost Other Depreciation of Expenses, Goods Expense Sold Including Salaries and Wages Expense Income Data Net from Taxes Income Beginning of Year 2 and End of Year 2 Balance Sheets Accounts Inventories Receivable Accounts Current Prepayments Liabilities Payable for Other for for Inventories Wages Costs and Salaries Payable

$ 14,508

(11,596)

(114)

(2,276)

(210)

$ 312

$782 Decrease 66 Decrease 102 Decrease 90 Increase 240 Decrease