Refer to the information for Roberts Company below.
Information for Roberts Company
The following financial statements were provided by Roberts Company:

Required:
Calculate operating cash flows using the direct method..

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Roberts Company Balance Sheets At September 30, 2011 and 2012 2011 2012 Assets Cash Accounts receivable $23,000 7,600 20,800 40,000 10,00 $ 7,000 9,600 18,000 60,000 16 78,600 Accumulated depreciation Total assets 2011 2012 Liabilities and equity Accounts payable Wages payable Common stock Retained earnings $ 4,800 1,200 50,000 25,400 $ 3,200 50,000 24,600 $78,600 Total liabilities and equity Roberts Company Income Statement For the Year Ended September 30, 2012 Sales Less: Cost of goods sold $40,000 Beginning inventory Purchases Ending inventory $20,800 26,000 18,00 Less: Wages expense Less: Advertising Less: Depreciation expense 28,800 (4,000 2,000