E$17-11$B The following information is taken from the $2017$ general ledger of Watson Company.

Rent Rent expense $ $60,000$

Prepaid rent, January $15,500$

Prepaid rent, December $319,000$

Salaries Salaries and wages expense $ $50,000$

Salaries and wages payable, January $110,000$

Salaries and wages payable, December $318,000$

Sales Revenue from sales $$150,000$

Accounts receivable, January $116,000$

Accounts receivable, December $319,000$

Instructions

In each case, compute the amount that should be reported in the operating activities

section of the statement of cash flows under the direct method