13. Statement of Cash Flows

ABC Company is preparing its Statement of Cash Flows using the direct method. The accountant gathered the following information:cash paid to suppliers was \$140,000; sales revenue was \$350,000; Accounts Receivable increased by \$10,000 during the year; depreciation expense was \$15,000; operating expenses totaled \$80,000; Prepaid Expenses decreased by \$8,000 during the year; and a loss on the disposal of plant assets equaled \$6,000. What is the cash flow provided by operating activities?

During the year, cash paid to suppliers was \$340,000. Cash received from customers was \$580,000. Cash paid for operating expenses totaled \$64,000. Depreciation expense totaled \$16,000. The company also purchased equipment for \$35,000. Using the direct method, what is the cash provided by operating activities?