ET11-258. Operating activities-direct method (Learning Objective 4) 10-18 The accounting records of Fence Up, Inc., reveal the following 64,000 Payment of 20,000 salaries and wages.. Depreciation Payment of interest Net Income . Payment of income tax.. Collection of $30,000 15,000 ...18,000 4UeS 7,000 Payment to suppliers.. 36,000 Payment of Collections from customers.. 113,000 7,000 1. Compute cash flows from operating activities by the direct method. 2. Evaluate the operating cash flow of Fence Up, Inc. Give the reason for Requirements your evaluation