Question

I have to prepare the cash flows using the direct method, the data i hace is...

I have to prepare the cash flows using the direct method, the data i hace is a s follows:

Income Statement

  Sales Revenue

$

48,600

  Expenses:

    Cost of Goods Sold

21,000

    Depreciation Expense

2,000

    Salaries Expense

9,000

    Rent Expense

4,500

    Insurance Expense

1,900

    Interest Expense

1,800

    Utilities Expense

1,400

  Net Income

$

7,000

Selected Balance Sheet Accounts

2010

2009

  Accounts Receivable

$

560    

$

580    

  Merchandise Inventory

990    

770    

  Accounts Payable

440    

460    

  Prepaid Rent

25    

20    

  Prepaid Insurance

25    

28    

  Salaries Payable

100    

70    

  Utilities Payable

20    

15    


I am stuck with the cash paymentto suppliers, i understand it is the 21,000 + increase in inventory $220 - increase in accounts payable $20 but the answer has been marked wrong. help please
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