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5 The two independent cases are listed below Case A Case B Skipped Year 2 Year 1 Year 2 Year Sales Revenue Cost of Goods
5 The two independent cases are listed below Case A Case B Skipped Year 2 Year 1 Year 2 Year Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable $11,700 $9,700 $24,500 $18,700 6,350 5,850 13,400 11,350 5,350 3,850 11,100 7,350 1,070 1,70 1,570 1,570 5,7005,070 1,430 710 3,830 710 635 800 839 920 235 285 2,850 2,070 335 435 785 535 870 770 1,700 1,270 785 835 Compute the net cash flow from operating activities section of the Year 2 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities sOS
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