Direct Method

Assuming that a direct method is used in the Operating Activities section, fill in the blank for each of the following situations. Show inflows as a positive number and outflows as a negative number.

Balance Sheet	Beginning	Ending	Income Statement	Cash Inflow (Outflow)
1. Accounts receivable	$2,076	$5,088	Sales on account, $15,265	$
2. Prepaid insurance	$4,151	$2,958	Insurance expense, $7,032	$
3. Income taxes payable	$5,934	$8,896	Income tax expense, $20,293	$
4. Wages payable	$4,958	$2,855	Wages expense, $25,903	$