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The following balance sheet changes occurred during the year: Accounts receivable increased by $949,100. Inventory increased by $98,625. Prepaid expenses decreased by $64,100. Accounts payable
The following balance sheet changes occurred during the year:
- Accounts receivable increased by $949,100.
- Inventory increased by $98,625.
- Prepaid expenses decreased by $64,100.
- Accounts payable increased by $43,850.
- Salaries payable increased by $54,900.
Required:
Prepare the cash flows from operating activities section of the statement of cash flows, using the direct method. Use a minus sign to indicate any decreases in cash or cash outflows.
Granville Manufacturing Company | |
Statement of Cash Flows (Partial) | |
Using Direct Method |
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