Answer:
The amount Garret's cash flow from operating activities is $127,000.
Explanation:
The amount of Garret's cash flow from operating activities can be calculated as follows:
Garret Company
Computation of Cash Flow from Operating Activities
For the year ended December 31, 2019
<u>Details $ </u>
Cash collected from customers 784,000
Cash paid to suppliers (368,000)
Cash paid to employees (208,000)
Cash paid for store rent (34,000)
Cash received for interest and dividends 7,000
Cash paid for income taxes <u> (54,000) </u>
Cash flow from operating activities <u> 127,000 </u>
Therefore, the amount Garret's cash flow from operating activities is $127,000.
