Question: Data for Rajesh Company are presented in P17-7A. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except

Data for Rajesh Company are presented in P17-7A. Further analysis reveals the following.
1. pertain to merchandise suppliers.
2. All operating expenses except for depreciation were paid in cash.
Instructions
(a) Prepare a statement of cash flows for Rajesh Company using the direct method.
(b) Compute free cash flow.

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