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 1,100 (1,200 1,000 Case A Case B Case C $ 57,000 $ 47,000 $ 104,000 31,000 22,000 76,100 1.200 27,800 7,200 0,000 11,600 (7,100) 2,200 0 (2,200) 1,700 (1,000) 11,800 4,200 12,200 (1,000 3,200 1,200 Compute cash flows from operating activities using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. Case A $58,000 32,200 3,100 $93,300 Case B $43,800 23,700 13,400 $80,900 Case C Cash Collected from Customers Cash Payments to Suppliers Cash Payments for Salaries and Wages 101,800 72,900 6,200 Net Cash Provided by Operating Activities 180,900