M12-12 Computing Cash Flows from Operating Activities (Direct Method) [LO 12-6] The independent cases are listed below that includes all items relevant to operating activities Sales revenue Cost of goods sold Depreciation expense Salaries and wages expense Net income Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Salaries and wages payable increase (decrease Case A Case B Case C $ 69,000 $ 59,000 $ 100,000 37,000 28,000 67,000 2,400 26,400 8,400 6,200 15,200 1,800) (1,100) 4,400 3,400 0 (3,400) 2,900(1,100) 1,700 2,400) 1,100 10,400 5,400 13,400 2,400 0 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C $ 70,100 54,600 S 96,600 Cash Collected from Customers Cash Payments to Suppliers Cash Pavments for Salaries and Wages Net Cash Provided by Operating ActivitiesS 70,100 S 54,600$ 96,600