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Use the following information for the Quick Study below. $($Static$)$

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A comparative balance sheet and income statement is shown for Cruz, Incorporated.

QS $12-28$B $($Static$)$ Direct: Computing cash from operations LO P$5$

Use the above balance sheet and income statement to prepare the operating activities section by direct method. Assume all the sales were made on credit basis.

Note: Amounts to be deducted should be indicated with a minus sign.