(Solution) - Refer to the information for Dunn Products Inc in Problem -(2025 Original AI-Free Solution)

Paper Details

Refer to the information for Dunn Products Inc. in Problem 11-45B.
In problem The income statement for Dunn Products Inc. is presented below.

The following balance sheet changes occurred during the year:
? Accounts receivable decreased by $85,150
? Inventory decreased by $138,620
? Prepaid expenses increased by $112,400
? Accounts payable decreased by $67,225
? Salaries payable increased by $18,300
Required:
Prepare the cash flows from operating activities section of the statement of cash flows, using the direct method.