Income statement and balance sheet excerpts of Shevlin and Liberty for the period ending Dec. 31, 2015 follow. Compute cahs provided (used) by operating activities for the period ending Dec. 31, 2015. Use both the direct and indirect forms of presentation.

Income Statement Excerpts
Sales		$48,000
Cost of Goods Sold		30,000
Gross Profits		$18,000
Wage Expense	$4,000
Advertising Expense	$1,000
Depreciation Expense	$2,000	$7,000
Net Income		$11,000

Balance Sheet Excerpts	2015	2014
Accounts Receivable	$4,000	$5,000
Deferred Revenues	0	3,000
Inventory	9,000	11,000
Accounts Payable	3,000	4,000
Wages Payable	1,800	900
Prepaid Advertising	3,000	1,200
Accumulated Depreciation	5,000	3,000

A. Compute (separetely) cash payments for wages and advertising

B. Compute CFO using the indirect method.