Change the amounts for selected balance sheet accounts in the spreadsheets created for either S12-3 or S12-4 to calculate the net cash flows from operating activities if, just before the current year-end, the company’s management took the actions listed in the following requirements. Consider each question independently, unless indicated otherwise.

Required:

1. What if the company collected $10,000 of the accounts receivable?

2. What if the company had paid down its interest payable by an extra $2,000?

3. What if the company waited an additional month before paying $6,000 of its accounts payable?

4. What if the company had reported $5,000 more depreciation expense?

5. What if all four of the above events had taken place at the same time?