QS 12-21B Direct: Computing cash receipts from operations LO P5 Russell Co. reports sales revenue of $33,200 and interest revenue of $8,200. Its comparative balance sheet shows that accounts receivable decreased $7,200 and interest receivable increased $1,800. Compute cash provided by operating activities using the direct method (Amounts to be deducted should be indicated by a minus sign.) Cash Receipts from Operations (Direct) Sales revenue Interest revenue Decrease in accounts receivable Increase in interest receivable 33,200 8.200 Cash provided by operating activities $ 49,600