Question: Assuming that a direct method is used in the Operating Activities section, fill in the blank for each of the following situations. Show inflows as

Assuming that a direct method is used in the Operating Activities section, fill in the blank for each of the following situations. Show inflows as a positive number and outflows as a negative number,

Balance Sheet

Beginning

Ending

Income Statement

Cash Inflow (Outflow)

Accounts receivable

$2,146

$4894

Sales on account, $15,139

$12,391

Prepaid insurance

$4,190

$2,957

Insurance expense, $7,097

Income taxes payable

$6040

$8,988

Income tax expense, $20,868

Wages payable

$4968

$2934

Wages expense, $24,802

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