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Power Corporation owns 7 5 percent of Surge Company's stock; no intercompany purchases or sales were made in 2 0 4 . For the year,

Power Corporation owns 75 percent of Surge Company's stock; no intercompany purchases or sales were made in 204. For the year, Power and Surge reported sales of $360,000 and $220,000 and cost of goods sold of $150,000 and $104,500, respectively. Power's inventory increased by $34,000, but Surge's decreased by $13,000. Power's accounts receivable increased by $18,000 and its accounts payable decreased by $18,000 during 204. Surge's accounts receivable decreased by $11,000 and its accounts payable increased by $6,000.
Required:
Assuming there were no other cash flows from operations, using the direct method of computing cash flows from operating activities, compute the following:
a. Cash received from customers
b. Cash payments to suppliers
c. Cash flows from operating activities
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