Sentrino Company uses the direct method for its statement of cash flow. Assume Accrued Liabilities relate to Operating Expenses. It reports the following information regarding the year ending December 31, 2014: 
Assume that there were no sales of long-term assets, no Interest Revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable is for purchases of inventory only. Prepare the operating activities section of the statement of cash flows.
Definitions:
Office of the Comptroller
The Office of the Comptroller is a government agency responsible for overseeing the execution of government or corporate financial policies and procedures.
Fair Credit Reporting Act
A federal law in the United States designed to protect the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.
Consumer Credit Report
A document detailing an individual's credit history, used by lenders to assess creditworthiness for loans and credit.
Binding Credit Obligation
A legally enforceable promise or agreement that requires an individual or business to repay borrowed money or fulfill financial commitments.
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