Question: Answer fast Question 17 Presented below are two independent situations Situation A Windsor Co. reports revenues of $200,000 and operating expenses of $112.000 in its
Question 17 Presented below are two independent situations Situation A Windsor Co. reports revenues of $200,000 and operating expenses of $112.000 in its first year of operations, 2020. Accounts receivable and accounts payable at year-end were $71,300 and $29.100, respectively. Assume that the accounts payable related to operating expenses are come taxes.) Using the direct method, compute net cash provided (used) by operating activities. (Show amounts that decrease cash flow with either a (15,000)) sign .g.-15.000 or in parenthesis Net cash by operating activities Situation The income statement for Sheridan Traveler Company shows cost of $39,900 and o ngewenstedsve odpreda ) 1231,000. The comparative balance sheet for the year shows that inventory increased $26.000, prepad expenses decreased $7.900,counts payable (related to merchandise decreased $17,200, and are expenses payable increased $11,100 Compute(a) can payments to suppliers and () cash payments for eating expenses (e) Cash payments to suppliers (6) Cash payments for operating expenses Click you would like to show Work for this questioni Ootn Show Work
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