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) Case A Case B Case C $ 62,000 $ 52,000 $100,000 33,500 24,500 72,600 1,70027,300 ,700 12,700 7,700 2,500 13,100 7,600) (1,100 3,700 2,700 11,300 0 (2,700) 2,200 (1,100) 1,700 Salaries and wages payable increase (decrease) 1,350 1,700 1,100 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Case ACase B Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages Net Cash Provided by Operating ActivitiesS