The following information is taken from the 2010 general ledger of Pierzynski Company.
|
Rent |
Rent expense |
$ 40,000 |
|
Prepaid rent, January 1 |
5,900 |
|
|
Prepaid rent, December 31 |
9,000 |
|
|
Salaries |
Salaries expense |
$ 54,000 |
|
Salaries payable, January 1 |
10,000 |
|
|
Salaries payable, December 31 |
8,000 |
|
|
Sales |
Revenue from sales |
$170,000 |
|
Accounts receivable, January 1 |
16,000 |
|
|
Accounts receivable, December 31 |
7,000 |
Instructions
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.