The two independent cases are listed below: ...

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Accounting

The two independent cases are listed below:

Case A

Case B

Year 2 Year 1 Year 2 Year 1
Sales Revenue $ 11,400 $ 9,400 $ 23,000 $ 18,400
Cost of Goods Sold 6,200 5,700 12,800 11,200
Gross Profit 5,200 3,700 10,200 7,200
Depreciation Expense 1,040 1,040 1,540 1,540
Salaries and Wages Expense 2,700 2,040 5,400 5,040
Net Income 1,460 620 3,260 620
Accounts Receivable 320 420 770 620
Inventory 770 520 770 820
Accounts Payable 840 740 820 890
Salaries and Wages Payable 1,400 1,240 220 270

Compute the net cash flow from operating activities section of the Year 2 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

CASE A CASE B
CASH COLLECTED FROM CUSTOMERS $11,500 $22.850
CASH PAYMENT TO SUPPLIERS $ $
CASH PAYMENT FOR SALARIES AND WAGES $ $
NET CASH PROVIDED BY OPERATING ACTIVITIES $ $

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