2 5.45 points eBook Exercise 12-5A (Algo) Use the direct method to determine cash flows from operating activities LO 12-2 The following accounts and corresponding balances were drawn from Marinelli Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Interest receivable Other operating expenses payable Salaries payable The Year 2 income statement is shown next. Year 2 Year 1 $48,000 $38,900 4,550 6,650 28,400 21,000 10,850 15,400 Hint Print References Income Statement Sales Salary expense Other operating expenses Operating income Nonoperating items: Interest revenue Net income Required $755,000 (163,000) (266,000) 326,000 22,000 $348,000 a. Use the direct method to compute the amount of cash inflows from operating activities. b. Use the direct method to compute the amount of cash outflows from operating activities. a. Cash inflows from operating activities b. Cash outflows from operating activities C