Chapter 13, Problem 13.13E

The following information is taken from the 2017 general ledger of Swisher Company.

Rent	Rent expense	$ 48,000
	Prepaid rent, January l	5,900
	Prepaid rent, December 31	9,000
Salaries	Salaries and wages expense	$ 54,000
	Salaries and wages payable, January 1	10,000
	Salaries and wages payable, December 31	8,000
Sales	Sales revenue	$175,000
	Accounts receivable, January 1	16,000
	Accounts receivable, December 31	7,000

Instructions

In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method.