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Determine the cash flows from operations

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Question - The following information is taken from the income statement of Pittsburgh inc. for 2019

Sales 770,000

Cost of goods sold 510,000

Gross profit on sales 260,000

Operating expense depreciation 11,000

Other operating expenses 162,000

= 173,000

Additional information relating to account balances at the beginning and end of the year appears below:

Accounts receivable (Jan 1,2019)30,000; ( dec.31,2019)33800

Merchandise inventory 57,000;60,000(dec. 31,2019)

Accrued liabilities 1400;(dec31)700

Account payable 20,000; (dec31)12,800

Required - Determine the cash flows from operations for 2019.

Reference no: EM132494131

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