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The accounting records of Last Chance Parts reveal the following (Click the icon to view the accounting records.) Compute cash flows from operating activities using
The accounting records of Last Chance Parts reveal the following (Click the icon to view the accounting records.) Compute cash flows from operating activities using the direct method for the year ended December 31, 2018. (Use a minus sign or parentheses to show net cash used for operating activities. If a box is not usec leave the box empty; do not select a label or enter a zero.) Last Chance Parts Statement of Cash Flows (Partial) Year Ended December 31, 2018 Data Table Cash Flows from Operating Activities Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers 31,000 Net income $ 22,000 11,000 Collection of dividend revenue8,000 56,000 Receipts 2,000 Payment of income tax 18,000 8,000 Payment to suppliers 114,000 Total Cash Receipts Payments: Print Done The a g records of Last Chance Parts reveal the following (Click the icon to view the accounting records.) Compute cash flows from operating activities using the direct method for the year ended December 31, 2018. (Use a minus sign or parentheses to show net cash used for operating activities. If a box is not used in the stat leave the box empty, do not select a label or enter a zero.) Data Table Total Cash Receipts Payments: Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers 31,000 Net income 2,000 Payment of income tax 18,000 Collection of dividend revenue 8,000 Payment to suppliers $ 22,000 11,000 8,000 56,000 114,000 Total Cash Payments Print Done Net Cash Provided by (Used for) Operating Activities
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