Selected financial statement information is reported below for Cameron Corporation for the year ende

Selected financial statement information is reported below for Cameron Corporation for the year ended December 31, 2012.
Sales 400,000
Cost of goods sold 220,00
Depreciation expense 30,000
Wages expense 34,000
Other operating expenses 26,000
Net income 90,000
Dividends paid 20,000
Account balances Dec 31, 2012 Dec 31, 2011
Cash 25,000 37,000
Account recevable 30,000 40,000
Inventory 35,000 26,000
Wages 10,000 8,000
Using the above data, determine the cash flow from operating activities for the year using the direct method. Show your work. Document Preview:

Selected financial statement information is reported below for Cameron Corporation for the year ended December 31, 2012.
Sales 400,000
Cost of goods sold 220,00
Depreciation expense 30,000
Wages expense 34,000
Other operating expenses 26,000
Net income 90,000
Dividends paid 20,000
Account balances Dec 31, 2012 Dec 31, 2011
Cash 25,000 37,000
Account recevable 30,000 40,000
Inventory 35,000 26,000
Wages 10,000 8,000
Using the above data, determine the cash flow from operating activities for the year using the direct method. Show your work.

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