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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

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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 $380,000 and $220,000 and cost of goods sold of $160,000 and $104,500, respectively. Power's Inventory increased by $31,000, but Surge's decreased by $16,000. Power's accounts receivable increased by $18,000 and its accounts payable decreased by $17,000 during 20X4. Surge's accounts receivable decreased by $11,000 and its accounts payable increased by $7,000. 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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