During the year, Small Time Co had the following transactions.
Purchases from suppliers were $75,000, of which $3,000 was unpaid at the year end. Brought forward payables were $1,500.
Wages and salaries amount to $4,200 , of which $84 was unpaid at the year end. The accounts for the previous year showed an accrual for wages and salaries of $42.
Interest of $3,600 on a long term loan was paid in the year.
Sales revenue was $140,400, including $5,616 receivables at the year end. Brought forward receivable were $ 14,040.
Interest on cash deposits at the bank amounted to $6,480.
Using the direct method, what is Small Time Co's Cash flow from operating activities?
| Cash flows from operating activities | $ |
| Cash received from customers | 148,824 |
| Cash paid to suppliers | (73,500) |
| Cash paid to employees | (4,158) |
| Interest paid | (3,600) |
| Interest received | 6,480 |
| Net Cash flows from operating activities | 74,046 |