Colbert Corporation had the following 2017 income statement. Revenues $100,000 Expenses 60,000 $40,000 In 2017, Colbert had the following activity in selected accounts. Prepare Colbert's cash flows from operating activities section of the statement of cash flows using (a) the direct method and (b) the indirect method.

1/1/1712/31/17 $95,000 $113,000o Accounts payable 61,00069,000 Inventory NS For 2017, cost of goods sold was $500,000. Compute Moxley's 2017 cash payments to suppliers. BE23-8 (LO2) In 2017, Elbert Corporation had net cash provided by operating activities of $531,oo0, net cash used by investing activities of $963,000, and net cash provided by financing activities of $585,000. At January 1, 2017, the cash balance was $333,ooo. Compute December 31, 2017, cash. T OF BE23-9 (LO2,3) Colbert Corporation had the following 2017 income statement. Revenues $100,000 penses 60,00O $ 40,000 Ex In 2017, Colbert had the following activity in selected accounts. Allowance for Doubtful Accounts Accounts Receivable 1,200 1/1/17 20,000 100,000 1,000 Write-offs 90,000 Collections Write-offs 1,0001840 Bad debt expense 2/31/17 29,000 2,00 12/31/17 Prepare Colbert's cash flows from operating activities section of the statement of cash flows using (a) the direct method and (b) the indirect method. 1/1/1712/31/17 $95,000 $113,000o Accounts payable 61,00069,000 Inventory NS For 2017, cost of goods sold was $500,000. Compute Moxley's 2017 cash payments to suppliers. BE23-8 (LO2) In 2017, Elbert Corporation had net cash provided by operating activities of $531,oo0, net cash used by investing activities of $963,000, and net cash provided by financing activities of $585,000. At January 1, 2017, the cash balance was $333,ooo. Compute December 31, 2017, cash. T OF BE23-9 (LO2,3) Colbert Corporation had the following 2017 income statement. Revenues $100,000 penses 60,00O $ 40,000 Ex In 2017, Colbert had the following activity in selected accounts. Allowance for Doubtful Accounts Accounts Receivable 1,200 1/1/17 20,000 100,000 1,000 Write-offs 90,000 Collections Write-offs 1,0001840 Bad debt expense 2/31/17 29,000 2,00 12/31/17 Prepare Colbert's cash flows from operating activities section of the statement of cash flows using (a) the direct method and (b) the indirect method