Question: I need help in this question. Please do it correctly and 100%, i tried but its giving me wrong answer Problem 11-58A (Algorithmic) (Appendix 114)

I need help in this question. Please do it correctly and 100%, i tried but its giving me wrong answer

I need help in this question. Please do it correctly and 100%,

i tried but its giving me wrong answer Problem 11-58A (Algorithmic) (Appendix

114) Preparing Net Cash Flows from Operating ActivitiesDirect Method The income statement

Problem 11-58A (Algorithmic) (Appendix 114) Preparing Net Cash Flows from Operating ActivitiesDirect Method The income statement for Granville Manufacturing Company is presented below. Granville Manufacturing Company Income Statement For the year ended December 31, 2019 Sales $4,199,830 2,787,210 $1,412,620 Cost of goods sold Gross margin Operating expenses: Salaries expense Depreciation expense Administrative expense Bad debt expense Other expenses Net income $831,800 246,100 131,000 51,700 43,900 1,304,500 $ 108,120 The following balance sheet changes occurred during the year: Accounts receivable increased by $947,200. Inventory increased by $96,825. Prepaid expenses decreased by $64,100. Accounts payable increased by $43,850. The following balance sheet changes occurred during the year: Accounts receivable increased by $947,200. Inventory increased by $96,825. Prepaid expenses decreased by $64,100. Accounts payable increased by $43,850. Salaries payable increased by $54,900. Required: Prepare the cash flows from operating activities section of the statement of cash flows, using the direct method. Use a minus sign to indicate any decreases in cash or cash outflows. Granville Manufacturing Company Statement of Cash Flows (Partial) Using Direct Method Cash flows from operating activities: Cash collected from customers 4,017,430 Cash paid to suppliers -2,842,085 x Cash paid for operating expenses -887,700 Net cash provided by operating activities 287,645 X Feedback Check My Work (a) Determine cash collected from customers by adjusting sales revenue for changes in the related asset or liability. Sales is related to accounts receivable. (b) Determine cash paid to suppliers by adjusting cost of goods sold for changes in the related asset or liability. Cost of goods sold is related to inventory and accounts payable. (c) Determine cash paid for operating expenses by adjusting operating expenses for the related asset or liability. Operating expenses are related to prepaid expenses and accrued liabilities. Net cash provided by operating activities is the sum of all the previously computed amounts

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