24 Dec From the following, calculate the net cash flows f
From the following, calculate the net cash flows from operating activities (use the direct method): Sales .9,500 Cost of Goods Sold .4,000 Salaries Expense ..1,220 Insurance Expense .. 840 Other Expenses (all cash) 1,100 Changes in current assets and liabilities: Accounts Receivable increased by $570. Inventory increased by $540. Accounts Payable increased by $110. Salaries Payable decreased by $180. Prepaid Insurance decreased by $140.