Question: The income statement and statement of cash flows for ABC Equipment Company for 2014 are provided below.
![84_ABC.png](https://secure.tutorsglobe.com/CMSImages/84_ABC.png)
Supplemental Information: Other current liabilities represent obligations for general and administrative expenses.
Required: Derive a direct method presentation of cash flow from operating activities for ABC Equipment Company. Assume all depreciation is included in General and administrative expenses.