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The following information is taken from the 2022 general ledger of Concord Company Rent Rent expense $ 29,200 6,300 Prepaid rent, January 1 Prepaid rent,

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The following information is taken from the 2022 general ledger of Concord Company Rent Rent expense $ 29,200 6,300 Prepaid rent, January 1 Prepaid rent, December 31 7,400 $ 65,000 Salaries Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 2,800 8,000 Sales $ 160,200 Sales revenue Accounts receivable, January 1 Accounts receivable, December 31 20,000 6,500 In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method Cash payments for rent Cash payments for salaries I Cash receipts from customers $

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