The following information was made available from the income statement and balance sheet of Lauren Company:
|
Item |
40543 |
40178 |
|
Accounts Receivable |
53400 |
58600 |
|
Accounts Payable |
35600 |
32700 |
|
Merchandise Inventory |
85,000 |
79,000 |
|
Sales |
(2010) |
243000 |
|
Interest Revenue |
(2010) |
5,600 |
|
Dividend Revenue |
(2010) |
1,200 |
|
Tax Expense |
(2010) |
12,300 |
|
Salaries Expense |
(2010) |
28,000 |
|
COGS |
(2010) |
65,000 |
|
Interest Expense |
(2010) |
3,600 |
|
Operating Expenses |
28,500 |
Complete the cash flow from operating activities section for Lauren Company using the direct method for the year ended December 31, 2010.