The accounting records of McKnight Parts reveal the following EEB (Click the icon to view...
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Accounting
The accounting records of McKnight Parts reveal the following EEB (Click the icon to view the accounting records.) Compute cash flows from operating activities using the direct method for the year ended December 31, 2018. (Use a minus sign or parentheses to show net cash used for operating activities. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Year Ended December 31, 2018 Cash Flows from Operating Activities Receipts Data Table Payment of salaries and wages Depreciation expense Payment of interest Payment of dividends Collections from customers $ 25,000 15,000 5,500 54,000 $ 31,000 16,000 19,000 Net income Payment of income tax Collection of dividend revenue Total Cash Receipts Payments 5,500 Payment to suppliers 118,000 Print Done Total Cash Payments Net Cash Provided by (Used for) Operating Activities
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