Direct Method

In the current year, Harrisburg Corporation collected $100,000 from its customers and paid out $30,000 to suppliers, $20,000 to employees, and $8,000 for income taxes.

Using the direct method, prepare the operating activities section of its statement of cash flows based on this information. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

HARRISBURG CORPORATION
Statement of Cash Flows
(Direct Method)
Operating Activities:
Cash Inflows:
Cash collected from customers	fill in the blank
Cash inflows from operating activities		fill in the blank
Cash Outflows:
Cash paid to suppliers	fill in the blank
Cash paid to employees	fill in the blank
Cash paid for income taxes	fill in the blank
Cash inflows from operating activities		fill in the blank
Net cash provided by operating activities