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*20. Molino Inc. reported sales revenue of $2 million for 2020. Accounts receivable decreased $200,000 and accounts paya- ble increased $300,000. Compute cash receipts from
*20. Molino Inc. reported sales revenue of $2 million for 2020. Accounts receivable decreased $200,000 and accounts paya- ble increased $300,000. Compute cash receipts from customers, assuming that the receivable and payable transactions related to operations. *21. In the direct method, why is depreciation expense not reported in the cash flows from operating activities
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