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

Tidwell Company

Comparative Balance Sheets

At December 31, 20X1 and 20X2

1		20X1	20X2
2	Current assets:
3	Accounts receivable	$353,000.00	$277,500.00
4	Inventories	130,000.00	154,000.00
5	Current liabilities:
6	Accounts payable	301,000.00	239,000.00

Tidwell Company

Income Statement

For the Year Ended December 31, 20X2

1	Revenues	$1,200,000.00
2	Gain on sale of equipment	48,000.00
3	Cost of goods sold	(652,000.00)
4	Depreciation expense	(124,000.00)
5	Interest expense	(21,000.00)
6	Net income	$451,000.00

	Required:
	Compute operating cash flows using the direct method.

I already figured out some of the information, use this format:

Tidwell Company

Cash Flows from Operating Activities, Direct Method

For the Year Ended December 31, 20X2

1		Income Statement	Adjustments	Cash Flows
2	Revenues	1200000	75500	1275500
3	Gain on sale of equipment	48000	-48000
4	Cost of goods sold	-652000
5	Depreciation expense
6	Interest expense
7	Net income
8	Net cash from operating activities