Refer to the information in Problem 16-7B.

Required

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

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TYRA COMPANY Income Statement For Year Ended December 31,2011 Sales revenue$412,000 Expenses TYRA COMPANY Selected Balance Sheet Accounts st of goods sold244000 At December 31 Depreciation expense.... Salaries expense.... Rent expense.. Insurance expense Interest expense 64,000 Accounts receivable 30,000 20,000 Accounts payable. 5.200 Salaries payable 4,800 Utilities payable … 2011 2010 $820 $700 272 96 480 520 280 220 40 0 28 36 40 60 Inventory 4000 Prepai Utilities expense Net income..$ 40,000 Prepaid insurance.. Prepaid rent