$\begin{array}{lrlr}
\text { Sales revenue } & \$ 909,272 & \text { Amortization expense } & \$ 3,206 \
\text { Cost of goods sold } & 445,563 & \text { Selling. general and administrative } & 91,316\&&\text { expenses }\\text { Interest expense } & 12,402 & \text { Income tax expense } & 143,126 \
\text { Accounts receivable 12/31/06 } & 65,305 & \text { Accounts receivable } 12 / 31 / 07 & 67,810 \
\text { Accounts payable 12/31/06 } & 16,540 & \text { Accounts payable } 12 / 31 / 07 & 17,261\\text { Prepaid expenses 12/31/06 } & 4,107 & \text { Prepaid expenses 12/31/07 } & 3,875 \
\text { Inventory } 12 / 31 / 06 & 7,852 & \text { Inventory } 12 / 31 / 07 & 6,491
\end{array}$
-Use the information provided above to calculate the net cash flow from operating activities in 2007 using the direct method.

Question

Quizplus · Accepted Answer

The Answer of $\begin{array}{lrlr}
\text { Sales revenue } & \$ 909,272 & \text { Amortization expense } & \$ 3,206 \
\text { Cost of goods sold } & 445,563 & \text { Selling. general and administrative } & 91,316\&&\text { expenses }\\text { Interest expense } & 12,402 & \text { Income tax expense } & 143,126 \
\text { Accounts receivable 12/31/06 } & 65,305 & \text { Accounts receivable } 12 / 31 / 07 & 67,810 \
\text { Accounts payable 12/31/06 } & 16,540 & \text { Accounts payable } 12 / 31 / 07 & 17,261\\text { Prepaid expenses 12/31/06 } & 4,107 & \text { Prepaid expenses 12/31/07 } & 3,875 \
\text { Inventory } 12 / 31 / 06 & 7,852 & \text { Inventory } 12 / 31 / 07 & 6,491
\end{array}$
-Use the information provided above to calculate the net cash flow from operating activities in 2007 using the direct method.

-Use the Information Provided Above to Calculate the Net Cash