Question: Using the data from Concept Check 2 plus the additional information in Figure 21.11, compute net cash flows from operating activities using the direct method.

Using the data from Concept Check 2 plus the additional information in Figure 21.11, compute net cash flows from operating activities using the direct method.
Figure 21.11

88 00 0o 23 70 00 $64 30 oo Cost of Goods Sold Gross Profit Depreciation Expense Salaries Expense Insurance Expense Miscellaneous Expense 8 37 6000 26 7000 Total Expenses Net Income

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