The following accounts and corresponding balances were

Question

The following accounts and corresponding balances were drawn from Marinelli Company's 2014 and 2013 year end balance sheets:

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.