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Question

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9. ? ? ?

Portions of the financial statements for Software Associates are provided below.

SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2015
??Net sales	?	$	660,000 ?
??Expenses:	?	?	?
???????Cost of goods sold	$395,000 ?	?	?
???????Operating expenses	125,000 ?	?	?
???????Depreciation expense	32,500 ?	?	?
???????Income tax expense	46,500 ?	?	?
?	?	?
??????????Total expenses	?	?	599,000 ?
?	?
??Net income	?	$	61,000 ?
?	?

SOFTWARE ASSOCIATES
Selected Balance Sheet Data
December 31, 2015, compared to December 31, 2014
??Decrease in accounts receivable	$9,500 ?
??Decrease in inventory	12,500 ?
??Increase in prepaid rent	2,500 ?
??Decrease in salaries payable	3,500 ?
??Increase in accounts payable	6,500 ?
??Increase in income tax payable	7,500 ?

Required:

Prepare the operating activities section of the statement of cash flows for Software Associates using thedirect?method.?(List cash outflows as negative amounts.)

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