1 M12-12 (Static) Computing Cash Flows from Operating Activities (Direct Method) [LO 12-6] 5 points Listed below are all items relevant to operating activities for three independent cases: eBook Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) Case A $ 65,000 35,000 10,000 5,000 15,000 (1,000) 2,000 0 1,500 Case B $55,000 26,000 2,000 13,000 14,000 4,000 0 2,500 (2,000) Case C $ 96,000 65,000 26,000 8,000 (3,000) 3,000 (3,000) (1,000) 1,000 Print Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) References Case A Case B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by (Used in) Operating Activities $ 0 $ 0 $ 0 1 M12-12 (Static) Computing Cash Flows from Operating Activities (Direct Method) [LO 12-6] 5 points Listed below are all items relevant to operating activities for three independent cases: eBook Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income (loss) Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease) Case A $ 65,000 35,000 10,000 5,000 15,000 (1,000) 2,000 0 1,500 Case B $55,000 26,000 2,000 13,000 14,000 4,000 0 2,500 (2,000) Case C $ 96,000 65,000 26,000 8,000 (3,000) 3,000 (3,000) (1,000) 1,000 Print Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) References Case A Case B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by (Used in) Operating Activities $ 0 $ 0 $ 0