Question 3 Not yet answered Marked out of 1.00 P Flag question Operating Cash Flows (Direct Method) Calculate the cash flow for each of the following cases. $ $31,000 5,500 7,500 $ a. Cash paid for advertising Advertising expense Prepaid advertising, beg. of year Prepaid advertising, end of year b. Cash paid for income taxes: Income tax expense Income tax payable, beg. of year Income tax payable, end of year c. Cash paid for merchandise purchased: $ Cost of goods sold Inventory, beg. year Inventory, end of year Accounts payable, beg. of year Accounts payable, end of year $14,500 3,550 2,450 $90,000 15,000 12,500 5,000 6,000