Operating Cash Flows $($Direct Method$)$

Calculate the cash flow for each of the following cases.

a$.$ Cash received from customers:

Sales revenue$$410,000$Accounts receivable, beginning of year$36,000$Accounts receivable, end of year$34,500$Unearned revenue, beginning of year$12,500$Unearned revenue, end of year$14,900$

Note: Do not use a negative sign.

Cash Answer $1$inflowoutflow of $Answer $2.$

b$.$ Cash paid for advertising:

Advertising expense$$62,000$Prepaid advertising, beginning of year$11,000$Prepaid advertising, end of year$15,000$

Note: Do not use a negative sign.

Cash Answer $3$inflowoutflow of $Answer $4.$

c$.$ Cash paid for income taxes:

Income tax expense$$29,000$Income tax payable, beginning of year$7,100$Income tax payable, end of year$4,900$

Note: Do not use a negative sign.

Cash Answer $5$inflowoutflow of $Answer $6.$

d$.$ Cash paid for merchandise purchased:

Cost of goods sold$$180,000$Inventory, beginning of year$30,000$Inventory, end of year$25,000$Accounts payable, beginning of year$10,000$Accounts payable, end of year$12,000$

Note: Do not use a negative sign.

Cash Answer $7$inflowoutflow of $Answer $8.$