Marin Corporation had the following 2025 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (includes depreciation of $19,000) Net income The following accounts increased during 2025: Accounts Receivable $11,000, Inventory $12,000, and Accounts Payable $14.000. Prepare the cash flows from operating activities section of Marin's 2025 statement of cash flows using the direct method. Cash Flows from Operating Activities MARIN CORPORATION Statement of Cash Flows-Direct Method (Partial) For the Year Ended December 31, 2025 Cash Received from Customers $204,000 130,000 Cash Payment to Suppliers 74,000 46,000 $28,000 Cash Payment for Operating Expenses 128000 46000 130000

Marin Corporation had the following 2025 income statement. Sales revenue Cost of goods sold Gross profit Operating expenses (includes depreciation of $19,000) Net income The following accounts increased during 2025: Accounts Receivable $11,000, Inventory $12,000, and Accounts Payable $14.000. Prepare the cash flows from operating activities section of Marin's 2025 statement of cash flows using the direct method. Cash Flows from Operating Activities MARIN CORPORATION Statement of Cash Flows-Direct Method (Partial) For the Year Ended December 31, 2025 Cash Received from Customers $204,000 130,000 Cash Payment to Suppliers 74,000 46,000 $28,000 Cash Payment for Operating Expenses 128000 46000 130000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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