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Parnell Corporation provided the following financial information:Sales$105,000Cost of goods ...

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Parnell Corporation provided the following financial information:Sales$105,000Cost of goods ...

Parnell Corporation provided the following financial information:

Sales	$105,000
Cost of goods sold	65,000
Operating expenses (includes $5,000 depreciation)	30,000
Accounts receivable beginning/ending balances	$15,000 and $20,000
Inventory beginning/ending balances	30,000 and 34,000
Accounts payable beginning/ending balances	25,000 and 32,000
Accrued liabilities beginning/ending balances	10,000 and 8,000

Required:

Using the direct method, prepare the operating activities section of Parnell's statement of cash flows. Omit the statement heading.

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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Helped a lot

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