Tidwell Company has provided the following partial comparative balance sheets and the income statement for 20X2.

Question not attempted.

Tidwell Company

Comparative Balance Sheets

At December 31, 20X1 and 20X2

1		20X1	20X2
2	Current assets:
3	Accounts receivable	$347,000.00	$284,000.00
4	Inventories	121,000.00	148,000.00
5	Current liabilities:
6	Accounts payable	299,000.00	240,000.00

Question not attempted.

Tidwell Company

Income Statement

For the Year Ended December 31, 20X2

1	Revenues	$1,210,000.00
2	Gain on sale of equipment	50,000.00
3	Cost of goods sold	(647,000.00)
4	Depreciation expense	(126,000.00)
5	Interest expense	(24,500.00)
6	Net income	$462,500.00

	Required:
	Compute operating cash flows using the direct method.