Question: The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for

The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following:

a. If sales for the current year were $375,000 and accounts receivable increased by $32,000 during the year, what was the amount of cash received from customers?

b. If income taxes for the current year were $39,000 and income taxes payable decreased by $19,000 during the year, what was the amount of cash paid for income taxes?

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