31 Compute net cash provided by operating activities-direct method. *E12.11 (LO 4), AP Zimmer Company completed its first year of operations on December 31, 2022. Its initial income statement showed that Zimmer had sales revenue of $198,000 and operating expenses of $83,000. Accounts receivable and accounts payable at year-end were $60,000 and $23,000, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Instructions Compute net cash provided by operating activity using the direct method.

Compute net cash provided by operating activities - direct method. -E12.11 (LO 4), AP Zimmer Company completed its first year of operations on December 31, 2022. Its initial income statement showed that Zimmer had sales revenue of $198,000 and operating expenses of $83,000. Accounts receivable and accounts payable at year-end were $60,000 and $23,000, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Instructions Compute net cash provided by operating activity using the direct method