Required
Refer to the information in Problem 17-9B. 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 other expenses.
b. All consulting revenue is done on credit.
c. All credits to accounts receivable are receipts from customers.
d. All debits to accounts payable result from payments for otherexpenses.

Kutcho Copper Corp. Post-Closing Trial Balance Kutcho Copper Corp Income Statement For Year Ended December 31, 2014 (millions) (millions) December 31 2014 2013 $ 75 350 20 1,240 745 85 70 45 250 1,655 200 125 Account Revenues: Consulting revenue . Expenses $8,750 Receivables 500 60 Prepaid insurance Equipment. 535 Accumulated depreciation. 360 1,600 400 350 7,050 $1,700 Salaries payable. Income tax payable.. Long-term notes payable 20 85 175