7 00:49:57 New Vision Company completed its income statement and balance sheet and provided the following information: Service Revenue Salaries and Wages Depreciation Utilities Office $67,700 $ 43,700 7.470 6,850 1,870 59,890 $ 7,810 $ 13,700 Paid cash for equipment 5,850 eBook Increase in Salaries and Mages Payable 9,850 4,675 Print Net Income Decrease in Accounts Receivable Decrease in Accounts Payable Required: 1. Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Accounts Payable relate to Utilities and Office Expenses on the income statement 2. If payments for salaries and wages were to increase by 10 percent throughout the year, by what dollar amount and in what direction would operating cash flows change? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Accounts Payable relate to Utilities and Office Expenses on the income statement. (Amounts to be deducted should be indicated with a minus sign.)