The following information is taken from the 2012 general ledger of Mathias Company.
| Rent | Rent expense | $ 30,000 |
| Prepaid rent, January 1 | 5,900 | |
| Prepaid rent, December 31 | 7,400 | |
| Salaries | Salaries expense | $ 54,000 |
| Salaries payable, January 1 | 2,000 | |
| Salaries payable, December 31 | 8,000 | |
| Sales | Revenue from sales | $160,000 |
| Accounts receivable, January 1 | 16,000 | |
| Accounts receivable, December 31 | 7,000 |
Instructions
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.
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