For each of the following companies, calculate the cash flowfrom operations: (List items that increase cash flow first.) NuVuLtd. ABC Inc. Akhtar Ltd. Sales revenue $381,000 $577,000 $936,000Cost of goods sold 210,000 330,000 621,000 Selling andadministrative expenses 65,000 94,000 111,000 Depreciation expense6,600 18,000 28,000 Interest expense 3,000 1,000 2,000 Income taxexpense 18,000 35,000 45,000 Dividends paid 7,000 5,000 25,000Increase/ (Decrease) in Accounts receivable (2,500 ) 6,000 (9,500 )Inventory 5,800 (8,000 ) 17,000 Property, plant, and equipment50,000 (10,000 ) 60,000 Accounts payable 4,100 (7,500 ) 4,200Interest payable (2,400 ) 1,300 (500 ) Income tax payable 2,500(1,500 ) 6,500 Mortgage payable 20,000 (40,000 ) 10,000 Commonshares 30,000 (5,000 ) (80,000 )
