Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 25

Computing Cash Flows from Operating Activities (Direct Method)
Refer to the information in CP12-2.
Required:
Prepare the cash flows from operating activities section of the 2013 statement of cash flows using the direct method.
TIP: Convert the cost of goods sold to cash paid to suppliers by adding the increase in inventory and subtracting the increase in accounts payable.