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Power Corporation owns 75 percent of Surge Company's stock; no intercompany purchases or sales were...

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Accounting

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Power Corporation owns 75 percent of Surge Company's stock; no intercompany purchases or sales were made in 204. For the year Power and Surge reported sales of $390,000 and $250,000 and cost of goods sold of $170,000 and $118,750, respectively Power's inventory increased by $25,000, but Surge's decreased by $19,000. Power's accounts receivable increased by $25,000 and its accounts payable decreased by $19,000 during 204. Surge's accounts recelvable decreased by $12,000 and its accounts payabie increased by $5,000 Required: Assuming there were no other cash flows from operations, using the direct method of computing cash flows from operating activities, compute the following

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