(Cash Flows from Operating Activities) Calculate the Cash from Operating Activities from the following Income Statement of ABC Ltd. (from Direct method). Dr. Particulars PROFIT AND LOSS ACCOUNT Cr. $ Particulars $ To Opening Stock A/c 4,500 By Sales A/c 2,55,000 To Purchases A/c 1,27,000 (including credit sales of $ 45,000) (including credit purchases of By Closing Stock A/c 19,500 $ 52,000) To Salaries A/c 5,000 Add: Outstanding 2.000 7,000 To Profit 1,36,000 2,74,500 one 2,74,500