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Exercise 11-16 (Algo) Calculate operating activities-direct method (LO11-7) Mega Screens, Incorporated, reports net sales of $2,550,000, cost of goods sold of $1,350,000, and income tax

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Exercise 11-16 (Algo) Calculate operating activities-direct method (LO11-7) Mega Screens, Incorporated, reports net sales of $2,550,000, cost of goods sold of $1,350,000, and income tax expense of $137,000 for the year ended December 31, 2024. Selected balance sheet accounts are as follows: Required: Calculate cash received from customers, cash paid to suppliers, and cash paid for income taxes

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