Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts.)

value: 3.00 points The income statement for Electronic Wonders reports net sales of $91,628 million and cost of goods sold of $69,148 million. An examination of balance sheet amounts indicates accounts receivable increased $1,720 million, inventory increased $870 million, and accounts payable to suppliers decreased $1,954 million. Required: Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. (Enter your answers in millions.) Net sales Increase in accounts receivable Cash received from customers Cost of goods sold Increase in inventory Purchases Decrease in accounts payable Cash paid to suppliers