The following summary data are for Gwynn Company:

All current assets and current liabilities relate to operations.
Instructions:
1. Compute net cash provided by (used in) operating activities for 2010 and 2011.
2. How would the numbers you computed in (1) change if Gwynn had decided to delay payment of $40,000 in accounts payable from late 2010 to early 2011? This will increase both Cash and Accounts Payable as of December 31, 2010; the December 31, 2011, amounts will be unaffected.
3. Ignore the change described in (2). How would the numbers you computed in (1) change if Gwynn had decided to delay purchase of $40,000 of inventory for cash from late 2010 to early 2011? This will increase cash but decrease inventory as of December 31, 2010; the December 31, 2011, amounts will be unaffected.
4. Can net cash from operations be manipulated? Explain youranswer.

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2011 2010 2009 Cash Other current assets Current liabilities Depreciation expense. Net income 85,000 75,000 70,000 480,000 420,000 30,000 325,000 270,000 290,000 51,000 50,000 57,000 59,000 44,000 45,000