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Sales Revenue Cost of Goods Sold 12,000 7500 Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and

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Sales Revenue Cost of Goods Sold 12,000 7500 Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Case A Case B Year 2 Year 1 Year 2 Year 1 $ 12,000 10,000 26,000 19,000 11,500 6,500 14.000 6,000 5,500 4,000 1,100 1,100 1,600 1,600 3000 2100 6,000 5,100 1,400 800 800 350 450 650 800 550 850 900 800 950 2000 1.300 250 Compute the net cash flow from operating activities section of the Year 2 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) * Answer is not complete. Case A Case B Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities (2.000) (4.050) (2.000 (2.000) (4,050) *

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