Homework Answers
| STATEMENT OF CASH FLOWS (DIRECT METHOD) | ||
| Cash flows from operating activities: | ||
| Collection from customers (6930000+360000) | $ 72,90,000 | |
| Payments on accounts payable (4640000+280000+1610000-1900000) | $ -46,30,000 | |
| Payments of operating expenses (1160000-60000+110000+150000) | $ -13,60,000 | $ -59,90,000 |
| Net cash from operating activities | $ 13,00,000 | |
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