1 Power Corporation owns 75 percent of Surge Company's stock; no intercompany purchases or sales were made in 20X4. For the year, Power and Surge reported sales of $310,000 and $210,000 and cost of goods sold of $150,000 and $99,750, respectively. Power's inventory increased by $21,000, but Surge's decreased by $16,000. Power's accounts receivable increased by $20,000 and its accounts payable decreased by $11,000 during 20X4. Surge's accounts receivable decreased by $12,000 and its accounts payable increased by $5,000. 20 points Required: Assuming there were no other cash flows from operations, using the direct method of computing cash flows from operating activities, compute the following: eBook Ask Print b Cash received from customers Cash payments to suppliers Cash flows from operating activities References C