Required
Refer to the information in Problem 17-7A. Prepare a statement of cash flows for 2014 using the direct method to report cash inflows and outflows from operating activities.
Other information:

a. All accounts payable balances result from merchandise purchases.
b. All sales are credit sales.
c. All credits to accounts receivable are receipts from customers.
d. All debits to accounts payable result from payments for merchandise.
e. All other expenses are cashexpenses.