Use the information from BE 6- 25 to compute the net cash flow from operating activities for Tennis Emporium under the direct reporting format.
In BE 6- 25

Transcribed Image Text:

Tonnis Emporium Statement of Net Income For the Current Yar Ended Amount $767000 52.000) 688,000 27000 6,000 $21,000 Sales Depreciation Expense Selling, General, and Administrative Expenses Operating Income Tax Expense Net Income Changes in Balance Sheet Accounts Increase in Accounts Receivable Increase in Accounts Payable (Related to Selling, General, and Administrative Expenses Decrease in Income Taxes Payable $10,000 S5,000 3,000