Question: Using the data from Classroom Demonstration Exercise 2 plus the additional information in Figure 16-15, compute net cash flows from operating activities using the direct

Using the data from Classroom Demonstration Exercise 2 plus the additional information in Figure 16-15, compute net cash flows from operating activities using the direct method.

Sales Cost of Goods Sold Gross Proft 8o00 o0 240000 560000 Expenses: $50000 220000 70000 300 00 Amortization Expense Salaries Expense Insurance Expense Miscellaneous Expense Total Expenses Net Income 3700 $ 190000

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