Name: Date: Instructor: Course: Financial Accounting, Sixth Edition by Kimmel, Weygandt, and Kieso Primer on Using Excel in Accounting by Rex A Schildhouse P12-6B. Prepare the operating activities section direct method he income statement of Zamora Inc. reported the following condensed information ZAMORA INC Income Statement For the Year Ended December 31, 2012 Revenues $560.000 Operating expenses, excluding depreciation 400.000 Income from operations 160.000 Income tax expense 47.000 Net income $113.000 Zamona's balance sheet contained these comparative data at December 31. 2012 Accounts receivable $60.000 Accounts payable 35.000 Income taxes payable 14.000 Zamora has no depreciable assets. Accounts payable pertain to operating expenses. 2011 $75.000 48.000 6.000 Instructions: Prepare the operating activities section of the statement of cash flows using the direct method. ZAMORA INC. Partial Statement of Cash Flows For the Year Ended December 31, 2012 Cash flows from operating activities Amount Title Less title Title Title Title Amount Amount Formula Formula (1) Computation of cash receipts from customers Title Add: Title Title Calculation as desired Amount Amount Formula (2) Computation of cash payments for operating expenses Title Title Title Calculation as desired Amount Amount Formula (3) Title Title Title Amount Amount Formula Calculation as desired