Europa Corporation engaged in the following transactions in \(20 \times 2\). Using the direct method, calcu-

LO 4 Calculating Cash Flows from Operating Activities-Direct Method late the various cash flows from operating activities as required.

a. During 20x2, Europa Corporation had cash sales of 41,300 and sales on credit of 123,000 . During the same year, accounts receivable decreased by 18,000 . Determine the cash received from sales during \(20 \times 2\).

b. During 20x2, Europa Corporation's cost of goods sold was 119,000. During the same year, inventory increased by 12,500 and accounts payable decreased by 4,300 . Determine the cash payments for purchases during \(20 \times 2\).

c. During \(20 \times 2\), Europa Corporation had operating expenses of 45,000 , including depreciation of 15,600. Also during \(20 \times 2\), related prepaid expenses decreased by 3,100 and relevant accrued liabilities increased by 1,200 . Determine the cash payments for operating expenses to suppliers of goods and services during \(20 \times 2\).

d. Europa Corporation's income taxes expense for \(20 \times 2\) was 4,300 . Income taxes payable decreased by 230 that year. Determine the cash payment for income taxes during \(20 \times 2\).