E12-19 (Algo) Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Direct Method) [LO 12-5, LO 12-6] Jew Vision Company completed its income statement and balance sheet and provided the following information: Required: Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Accounts Payable relate to Utilities and Office Expenses on the income statement. If payments for salaries and wages were to increase by 10 percent throughout the year, by what dollar amount and in what direction would operating cash flows change? If payments for salaries and wages were to increase by 10 percent throughout the year, by what dollar amount and in what direction would operating cash flows change? Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Accounts Payable relate to Utilities and Office Expenses on the income statement. Note: Amounts to be deducted should be indicated with a minus sign