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Presented below are two independent situations. Situation A: Metlock AG reports revenues of 220,000 and operating expenses of 110,000 in its first year of operations,

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Presented below are two independent situations. Situation A: Metlock AG reports revenues of 220,000 and operating expenses of 110,000 in its first year of operations, 2022. Accounts receivable and accounts payable at year-end were 71,000 and 41,000, respectively. Assume that the accounts payable related to operating expenses. (Ignore income taxes.) Using the direct method, compute net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities 80000 Situation B: The income statement for Bonita SA shows cost of goods sold 320,000 and operating expenses (exclusive of depreciation) 230,000. The comparative statements of financial position for the year show that inventory increased 22,000, prepaid expenses decreased 9,000, accounts payable (related to merchandise) decreased 16,000, and accrued expenses payable increased 11,000. Compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (a) Cash payments to suppliers 314000 (b) Cash payments for operating expenses 210000

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