Exercise 12-15

The following information is taken from the 2017 general ledger of Bridgeport Corp..

RentRent expense$84,600Prepaid rent, January 116,638Prepaid rent, December 3120,868SalariesSalaries and wages expense

$152,280Salaries and wages payable, January 1

5,640Salaries and wages payable, December 31

22,560SalesSales revenue

$451,200Accounts receivable, January 145,120Accounts receivable, December 3119,740

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.

Cash payments for rent$

Cash payments for salaries$

Cash receipts from customers$

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