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*E17-14 The following information is taken from the 2010 general ledger of Pierzynski

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*E17-14 The following information is taken from the 2010 general ledger of Pierzynski
Company.

Rent Rent expense $ 40,000
Prepaid rent, January 1 5,900
Prepaid rent, December 31 9,000
Salaries Salaries expense $ 54,000
Salaries payable, January 1 10,000
Salaries payable, December 31 8,000
Sales Revenue from sales $170,000
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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