Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 8

Lunarica Corporation has the following comparative financial statements:
Dividends of $5,700 were paid. No equipment was purchased or retired during the current year.
Statement of Cash Flows, Direct Method
Refer to the information for Lunarica Corporation above.
Required:
Calculate operating cash flows using the direct method.