Blair Corporation Reported the Following for 2014Year 2 Required:
A)Use the Reconciliation Approach to Compute the Appropriate Figures

Blair Corporation reported the following for 2014Year 2: $\begin{array}{|l|r|r|}\hline \text { } &{\text { Beginning }} &\text { Ending }\\\hline \text {Accounts receivable} &\$ \quad 40,000 &\$ \quad 38,000\\\hline \text { Merchandise inventory } &32,000 & 36,000 \\\hline \text {Prepaid insurance } & 200 &140\\\hline \text { Interest receivable} &1,800& 600 \\\hline \text { Accounts payable} &2,500 &4,200\\\hline \text { Salaries payable } & 4,000 &3,600\\\hline & \\\hline \text { Other information: } & \\\hline \text {Sales (all on account) } &\$ 280,000 \\\hline \text {Interest revenue} & 10,000 \\\hline \text { Cost of goods sold } &160,000 \\\hline \text { Salaries expense } &24,000 \\\hline \text {Insurance expense} &2,200 \\\hline\end{array}$ Required:
a)Use the reconciliation approach to compute the appropriate figures for cash flows from operating activities.
b)Present in good form the cash flows from operating activities section of a statement of cash flows using the direct method.