Computation of Operating Cash Flows
the Financial Statements of Packard

Computation of operating cash flows
The financial statements of Packard Corporation provide the following information for the current year:
Using this information, compute for the current year:
$\begin{array}{lrr}&\text { End of } & \text { Beginning } \\&\text { Year } & \text { of Year } \\\text { Accounts receivable } & \$ 106,000 & \$ 98,000 \\\text { Inventory } & \$ 105,000 & \$ 120,000 \\\text { Prepaid expenses } & \$ 31,000 & \$ 29,000 \\\text { Accounts payable (for merchandise) } & \$ 74,000 & \$ 70,000 \\\text { Accrued liabilities } & \$ 30,000 & \$ 28,000\\\text { Net sales } & \$ 848,000 \\\text { Cost of goods sold } & \$ 318,000 \\\text { Expenses (including depreciation of } \$ 43,000) & \$ 258,000\end{array}$ $\begin{array}{|l|l|}\hline \text {(a) Cash received from customers }&\$\_\_\_\_ \\\hline \text {(b) Cash payments for purchases of merchandise }&\$\_\_\_\_ \\\hline \text { (c) Cash payments for operating expenses}&\$\_\_\_\_ \\\hline \text {(d) Net cash flow from operating activities }&\$\_\_\_\_ \\\hline \end{array}$