Selected financial statement information is reported below for Cameron Corporati

    Selected financial statement information is reported below for Cameron Corporation for the year ended December 31 2012.
    Sales 400000
    Cost of goods sold 22000
    Depreciation expense 30000
    Wages expense 34000
    Other operating expenses 26000
    Net income 90000
    Dividends paid 20000
    Account balances Dec 31 2012 Dec 31 2011
    Cash 25000 37000
    Account recevable 30000 40000
    Inventory 35000 26000
    Wages 10000 8000
    Using the above data determine the cash flow from operating activities for the year using the direct method. Show your work.
    Selected financial statement information is reported below for Cameron Corporation for the year ended December 31 2012.
    Sales 400000
    Cost of goods sold 22000
    Depreciation expense 30000
    Wages expense 34000
    Other operating expenses 26000
    Net income 90000
    Dividends paid 20000
    Account balances Dec 31 2012 Dec 31 2011
    Cash 25000 37000
    Account recevable 30000 40000
    Inventory 35000 26000
    Wages 10000 8000
    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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