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s Xnew vision company compl B https ercises(Static) Saved New Vision Company completed its income...

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Accounting

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s Xnew vision company compl B https ercises(Static) Saved New Vision Company completed its income statement and balance sheet and provided the following information $66,000 Service Revenue Expenses: Salaries and Wages Depreciation Utilities Office $42,800 7,380 6,800 1,700 57,e00 Net Income Decrease in Accounts Receivable $12,000 5,000 9,880 4,250 Paid cash for equipment Increase in Salaries and Wages Payable Decrease in Accounts Payable Required 1. Present the operating activities section of the statement of cash flows for New Vision Company using the direct method. Assume that Accounts Payable relate to Utlities and Office Expenses on the income statement 2. It payments for salaries and wages were to increase by t0 percent throughout the year, by what dollar amount and in what direction would operating cash flows change? Complete this qaestion by entering your answers in the tabs below Required 1 Required 2 2 96 4 5 8

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