Payment of salaries and wages
Payment of salaries and wages
$ 31,000
Depreciation
27,000
Increase in current liabilities
20,000
Increase in current assets other than cash
24,000
Payment of dividends
12,000
Collection of accounts receivable
105,000
Net income
$ 50,000
Payment of income tax
20,000
Collection of dividend revenue
14,000
Payment of interest
13,000
Cash sales
36,000
Gain on sale of land
3,000
Acquisition of land
38,000
Payment of accounts payable
55,000
Compute cash flows from operating activities by the direct method. Also evaluate Jasmine’s operating cash flow. Give the reason for your evaluation.
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