The following accounts and corresponding balances were drawn from Marinelli Companys Year 2 and Year 1 year-end balance sheets.

Account Title	Year 2	Year 1
Accounts receivable	$46,400	$39,900
Interest receivable	4,900	6,600
Other operating expenses payable	30,200	19,300
Salaries payable	10,550	15,450

The Year 2 income statement is shown next.

Income Statement
Sales	$680,000
Salary expense	(167,000)
Other operating expenses	(264,500)
Operating income	248,500
Nonoperating items: Interest revenue	23,700
Net income	$272,200

Required a. Use the direct method to compute the amount of cash inflows from operating activities. b. Use the direct method to compute the amount of cash outflows from operating activities.

Outline:

The following accounts and corresponding balances were drawn from Marinelli Company's Year 2 and Year 1 year-end balance sheets. The Year 2 income statement is shown next. Required a. Use the direct method to compute the amount of cash inflows from operating activities. b. Use the direct method to compute the amount of cash outflows from operating activities