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Question 17 Presented below are two independent situations. Situation A: Windsor Coreports revenues of $200,000 and operating expenses of $112,000 in its first year oflegerations, 2020. Accounts receivable and accounts payable at year and were $71,300 and $29,100, respectively. Assume that the accounts payable related to operating expenses. (Ignore income taxes.) Using the direct method, compute net cash provided (used) by operating activities, (Show amounts that decrease cash flow with other a sign ..-15.000 or in parenthesis, (15.000).) Net cash by operating activities Situation : The income statement for Sheridan Traveler Company shows cost of goods sold 309,900 and operating expenses (exclusive of depreciation) $231,000. The comparative balance sheet for the year shows that inventory increased $26.000, prepaid expenses decreased $7,900, accounts payable (related to merchandise) decreased $17,200, and accrued expenses payable increased $11,100 Compute (a) cash payments to suppliers and (b) cash payments for operating expenses (a) Cash payments to suppliers (b) Cash payments for operating expenses Click if you would like to show Work for this question: Doen Show Work