ANALYSIS OF THE EFFECTS OF CURRENT ASSET AND CURRENT LIABILITY CHANGES ON CASH FLOWS You have the following data for Cable Company’s accounts receivable and accounts payable for 2009:

Accounts receivable, 1/1/2009 $ 5,900 2009 sales on credit 97,400 Accounts receivable, 12/31/2009 7,200 Wages payable, 1/1/2009 4,600 2009 wage expense 38,100 Wages payable, 12/31/2009 5,300 Required:

. How much cash did Cable collect from customers during 2009?

. How would you classify cash collected from customers on the statement of cash flows?

. How much cash did Cable pay for wages during 2009?

. How would you classify the cash paid for wages on the statement of cash flows?

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