question 8.

Calculator The following selected account balances appeared on the financial statements of the Washington Company: Accounts receivable, Jan. 1 $15,023 Accounts receivable, Dec. 31 8,159 Accounts payable, Jan. 1 5,874 Accounts payable, Dec. 31 9,403 Merchandise inventory, Jan. 1 10,249 Merchandise inventory, Dec. 31 14,085 Sales 62,189 Cost of merchandise sold 34,1 The Washington Company uses the direct method to calculate net cash flow from operating activities. Cash payments for merchandise were $41,524 $62,496 $26,794 $34,466