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Part two: using the attached t-accounts, compute the cash flows from operating activities using the direct method and indirect method. Accounts Receivable Merchandise Inventory Beg

Part two: using the attached t-accounts, compute the cash flows from operating activities using the direct method and indirect method.

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Accounts Receivable Merchandise Inventory Beg 4,360 Beg 2,830 ents For: End 5,540 End 4,420 Prepaid Rent Investments BegT 1,800 Beg 10,200 End 1,400 End 12,700 Plant Assets Accum. Depr. Beg 35,000 4.400 Beg End 45,400 5,500 End Accounts Payable Salaries Payable 1,960 Beg |1,420 Beg 2,170 End 1,190 End Income Taxes Payable Long-Term Notes Payable 300 Beg 5,000 Beg 700 End 18,000 End Preferred Stock Common Stock 10,000 Beg 15,000 Beg End 23,000 End APIC Retained Earnings 4,400 Bog 13,720 Beg 6,400 End 18,720 End

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