Power Corporation owns 75 percent of Surge Company's stock; no intercompany purchases or sales were made in 20X4. For the year, Power and Surge reported sales of $330,000 and $250,000 and cost of goods sold of $170,000 and $118,750, respectively. Power's inventory increased by $32,000, but Surge's decreased by $11,000. Power's accounts receivable increased by $23,000 and its accounts payable decreased by $10,000 during 20X4. Surge's accounts receivable decreased by $9,000 and its accounts payable increased by $4,000. 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. b. Cash received from customers Cash payments to suppliers Cash flows from operating activities C