Appendix $2$ PR $16-41$ statement of Cash Flows$-$Direct Method

The comparative balance sheet of Suffridge Inc. for December $31,20Y4$ and $20Y3,$ is as follows:

Details

The income statement for the year ended December $31,20Y4,$ is as follows:

Sales

Cost of merchandise sold.

Gross profit.

Operating expenses:

Depreciation expense.

Other operating expenses.

Total operating expenses.

Income from operations. Other income:

Gain on sale of investments. Income before income tax.

Income tax expense.

Net income.

$$5,386,900$

$2,808,100$

$$2,578,800$

$ $135,0001,605,610$

$\frac{1,740,610}{\text{\$}838,190}$

$\backslash$table$[[186,200],[$$$1,024,390$