5 0.50 points value M12-12 Computing Cash Flows from Operating Activities (Direct Method) [LO 12-6] The independent cases are listed below that includes all items relevant to operating activities Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease Case A Case B Case C $ 57,000 $ 47,000 $ 104,000 31,000 22,000 76,100 1,200 27,800 7,200 0,000 ,600 (7,100) 2,200 0 2,200) 1,700 (1,000) 11.800 4,200 12,200 (1,000) 3,200 1,200 0 1,200) ,000 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) se Case B se $ 58,000 43,800101,800 Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating ActivitiesS 58,000 $ 43,800 $ 101,800