Cash flows from operating activities for both the indirect and direct methods are presented for Electronic Transformations. Cash Flows from Operating Activities (Indirect method) Net income $ 35,700 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense 8,700 Increase in accounts receivable (12,700 ) Increase in accounts payable 7,700 Increase in income tax payable 5,700 Net cash flows from operating activities $ 45,100 Cash Flows from Operating Activities (Direct method) Cash received from customers $ 81,500 Cash paid for operating expenses (25,700 ) Cash paid for income taxes (10,700 ) Net cash flows from operating activities $ 45,100 Required: Complete the following income statement for Electronic Transformations. Assume all accounts payable are to suppliers.

Sales revenue               94,200

supplies expense        (33,400 )

depreciation expense (   8,700 )

income tax expense   ( 16,400 )  

Net income                    35,700

Explanation:

cash from customer 81,500

plus 12,700 not collected (increase in A/R)

sales revenue = 94,200

cash paid for operating expense 25,700

increase in account payable           7,700

we pay 25,700 expenses and also we delay payment of additional 7,700 accrued expenses:

supplies expense 33,400

paid for income tax payable 10,700

increase in income tax payable  5,700

same logic as with account payable

income tax expense 16,400

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

the answer is a. $209,000