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    Aug 19, 2013, 04:06 PM
    The following information was made available from the income statement and balance sh
    The following information was made available from the
    Income statement and balance sheet of Lauren Company.
    Item 12/31/10 12/31/09
    Accounts Receivable $53,400 58,600
    Accounts Payable 35,600 32,700
    Merchandise Inventory 85,000 79,000
    Sales (2010) 243,000
    Interest Revenue (2010) 5,600
    Dividend Revenue (2010) 1,200
    Tax Expense (2010) 12,300
    Salaries Expense (2010) 28,000
    COGS (2010) 65,000
    Interest Expense (2010) 3,600
    Operating Expenses 28,500
    Complete the cash flow from operating activities section for Lauren Company using the direct method for the year ended December 31, 2010.

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