What would bahatis net cash flows from operating activities

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Reference no: EM13568186

The following are comparative balance sheets and income statement for Bahati Corporation:
                                    Bahati Corporation
                            Comparative Balance Sheets
                       as of December 31, 2010 and 2009

Assets	2010	2009
Cash	$ 37,000	$120,000
Accounts receivable	195,000	105,000
Inventory	180,000	225,000
Long-term investments	0	60,000
Totals	$412,000	$510,000

Liabilities and shareholder's equity
Accounts payable	$ 12,000	$115,000
Salaries and wages payable	8,000	2,000
Interest payable	1,000	3,000
Income taxes payable	20,000	15,000
Notes payable	70,000	100,000
Common stock	125,000	125,000
Retained earnings	176,000	150,000
Totals	$412,000	$510,000

Bahati Corporation
Income Statement
For the Year Ended December 31, 2010

Sales		$680,000
Operating expenses:
Cost of goods sold	$375,000
Salaries & wages expense	128,000
Rent expense	67,000
Interest expense	6,000
Income tax expense	25,000
Total operating expenses		601,000
Income from operations		79,000
Other items:
Loss on sale of long-term investment		(8,000)
Net income		$ 71,000

Cash dividends of $45,000 were paid in 2010. Bahati uses the direct method in preparing its Statement of Cash Flows.
What would Bahati's net cash flows from operating activities be in its Statement of Cash Flows for the year ended December 31, 2010? Show your computations and clearly label your final answer in the box below.

Reference no: EM13568186

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