Direct cash flows Y2 Sales 9000.00 Adjustment to reconcile sales to receipts (increase) decrease in receivables -309.00 increase (decrease) in deferred revenues 51.00 Cash received from customers 8742.00 = Cash received from customers COGS 2756.00 inventory - 120 purchases 2876.00 AF 90.00 = Cash (paid) to suppliers 2786.00 Ae -156.00 AF 96.00 Cash (paid) for advertising -252.00 SE 1500.00 SP 25.00 = Cash (paid) for salaries -1475.00 IE -93.00 ip 6.00 = Cash (paid) for interest -87.00 te -1129.00 tp 12.00 = Cash (paid) for taxes 1117.00 Operating cash flows 3025.00 Check: Direct - Indirect = 0 683.00 Check