stions Tidwell Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Current assets: 8 Accounts receivable $347,000.00 $284,000.00 4 Inventories 121,000.00 148,000.00 Current liabilities: 6 Accounts payable 299,000.00 240,000.00 Cash Flows from Operating Activities, Direct Method For the Year Ended December 31, 20X2 Adjustments Cash Flows Income Statement $1,210,000.00 Revenues $63,000.00 $1,273,000.00 Gain on sale of equipment 0.00 Cost of goods sold 50,000.00 (647,000.00) (126,000.00) (24,500.00) Depreciation expense Interest expense Net income Net cash from onerating activities $5155000