The following accounts and corresponding balances were drawn from Marinelli Company's 2014 and 2013 year end balance sheets:
![1486_264-B-M-A-S-C-F (2004).png](https://secure.tutorsglobe.com/CMSImages/1486_264-B-M-A-S-C-F (2004).png)
The 2014 income statement is shown below:
Income Statement:
Sales ..................$530,000
Salary expense ..............$(214,000)
Other operating expenses ..........$(175,000)
Operating income .............$141,000
Non operating items:
Interest revenue ....$16,500
Net income ..............$157,500
Required:
a. Use the direct method to compute the amount of cash inflows from operating activities.
b. Use the direct method to compute the amount of cash outflows from operating activities.