Refer to the information in Problem 16-7A. Required Prepare the cash flows from operating activities section only of the companys 2011 statement of cash flows

Refer to the information in Problem 16-7A.

Required
Prepare the cash flows from operating activities section only of the company’s 2011 statement of cash flows using the directmethod.

RAPTURE COMPANY Income Statement For Year Ended December 31,20I1 Sales revenue Expenses $58,600 RAPTURE COMPANY Selected Balance Sheet Accounts . . . . 21,000 6,000 1,000 2,500 1,900 ,800 1400 $13,000 2011 2010 At December 31 Accounts recelvable$380 $390 Inventory . Accounts payable Salarles payable Utilities payable Prepald insurance Prepaid rent Depreciation expense Salaries expense -.... . . t. Rent expense Insurance expense Interest expense Utilities expense .. 9977 120 130 44 35 . . 13 14 Net Income