2 Assignment i d k The two independent cases are listed below: Sales Revenue Cost of...

Transcribed Image Text:

2 Assignment i d k The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable nces Salaries and Wages Payable Required: Saved Case A Case B Year 2 Year 1 Year 2 Year 1 $ 11,400 $ 9,400 $ 23,000 $ 18,400 6,200 5,700 12,800 11,200 5,200 3,700 10,200 7,200 1,040 1,040 1,540 1,540 2,700 2,040 5,400 5,040 $ 1,460 $ 620 $ 3,260 $ 620 $ 320 $ 420 $ 770 $ 620 770 520 770 820 840 1,400 740 820 890 1,240 220 270 Compute the net cash flow from operating activities section of the Year 2 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash Collected from Customers Cash Payments to Suppliers Case A Case B Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities $ 0 0 2 Assignment i d k The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable nces Salaries and Wages Payable Required: Saved Case A Case B Year 2 Year 1 Year 2 Year 1 $ 11,400 $ 9,400 $ 23,000 $ 18,400 6,200 5,700 12,800 11,200 5,200 3,700 10,200 7,200 1,040 1,040 1,540 1,540 2,700 2,040 5,400 5,040 $ 1,460 $ 620 $ 3,260 $ 620 $ 320 $ 420 $ 770 $ 620 770 520 770 820 840 1,400 740 820 890 1,240 220 270 Compute the net cash flow from operating activities section of the Year 2 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash Collected from Customers Cash Payments to Suppliers Case A Case B Cash Payments for Salaries and Wages Net Cash Provided by Operating Activities $ 0 0