M07 Ch 12 Graded Practice Gored CRUZ, TNC. Income Statement Per Year Ended December 31, 2017 $375,900 Cess of goods sold 241.900 Gos profis 134,000 Operating expenses Depreciation expense $20.900 Other expenses 63.600 97.500 Income before takes 26.500 Income taxes expense 13.300 Nes income $ 23,200 QS 12-16B Direct: Computing cash from operations LO P5 Use the above balance sheet and income statement to prepare the cash provided (used) from operating activities section by direct method. (Amounts to be deducted should be indicated with a minus sign.) s 7,400 Cash flows from operating activities Receipts from sales to customer Payments for inventory Payments for other expenses Payments for taxes M07 Ch 12 Graded Practice Gored CRUZ, TNC. Income Statement Per Year Ended December 31, 2017 $375,900 Cess of goods sold 241.900 Gos profis 134,000 Operating expenses Depreciation expense $20.900 Other expenses 63.600 97.500 Income before takes 26.500 Income taxes expense 13.300 Nes income $ 23,200 QS 12-16B Direct: Computing cash from operations LO P5 Use the above balance sheet and income statement to prepare the cash provided (used) from operating activities section by direct method. (Amounts to be deducted should be indicated with a minus sign.) s 7,400 Cash flows from operating activities Receipts from sales to customer Payments for inventory Payments for other expenses Payments for taxes