Calculdul Operating Cash Flows: Direct Method Instructions Cash Flows from Operating Activities - Direct Method Instructions Tidwell Company has provided the following partial comparative balance sheets and the income statement for 20x2. Tidwell Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20x1 20X2 Current assets: Accounts receivable 5347,000.00 $284,000.00 4 Inventories 121.000.00 148,000.00 eBook Show Me How Calculator Operating Cash Flows: Direct Method Instructions Cash Flows from Operating Activities - Direct Method Instructions Tidwell Company Comparative Balance Sheets At December 31, 20X1 and 20x2 20X1 20x2 Current assets: 3 Accounts receivable $347.000.00 $284,000.00 148,000.00 Inventories 121,000.00 Current liabilities: 6 Accounts payable 299,000.00 240,000.00 eBook Show Me How Calculator Operating Cash Flows: Direct Method Instructions Cash Flows from Operating Activities - Direct Method Instructions Tidwell Company Income Statement For the Year Ended December 31, 20X2 Revenues $1,210,000.00 2 Gain on sale of equipment 50,000.00 (647,000.00) 3 Cost of goods sold Depreciation expense Interest expense (126,000.00) (24,500.00) Net income $462,500.00 eBook Show Me How Calculator Instructions Revenues $1,210,000.00 2 Gain on sale of equipment 50,000.00 Cost of goods sold (647.000.00) (126,000.00) Depreciation expense Interest expense (24,500.00) Net income $462,500.00 Required: Compute operating cash flows using the direct method. Cash Flows from Operating Activities - Direct Method Cash Flows from Operating Activities. Direct Method Computer shows using the directore begin t o the man who the warned . C eBook e Show Me How Calculator Operating Cash Flows: Direct Method Instructions Cash Flows from Operating Activities - Direct Method Instructions Cash Flows from Operating Activities - Direct Method Tidwell Company Score: 24/63 Cash Flows from Operating Activities, Direct Method For the Year Ended December 31, 20X2 Income Statement Adjustments Cash Flows 2 Revenues 51.210,000.00 51,210,000.00 50,000.00 Gain on sale of equipment Cost of goods sold 51.210,000.00 50,000.00 (547.000.00) (126.000.00) (24.500.00) Depreciation expense 6 Interest expense Operating Cash Flows: Direct Method Instructions Cash Flows from Operating Activities - Direct Method Instructions Cash Flows from Operating Activities - Direct Method Income Adjustments Cash Flows Statement $1,210,000.00 Revenues $1,210,000.00 $1,210,000.00 50,000.00 Gain on sale of equipment Cost of goods sold Depreciation expense Interest expense 50,000.00 (647,000.00) (126,000.00) (24,500.00) 5462,500.00 Net income & Net cash from operating activities $735,000.00