Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2017.
BRECKER INC.
COMPARATIVE BALANCE SHEET
AS OF DECEMBER 31, 2017 AND 2016
12/31/17 12/31/16
Cash $6,000 $7,000
Accounts receivable 62,000 51,000
Short-term debt investments
(available-for-sale) 35,000 18,000
Inventory 40,000 60,000
Prepaid rent 5,000 4,000
Equipment 154,000 130,000
Accumulated depreciation
—equipment (35,000 ) (25,000 )
Copyrights 46,000 50,000
Total assets $313,000 $295,000
Accounts payable $46,000 $40,000
Income taxes payable 4,000 6,000
Salaries and wages payable 8,000 4,000
Short-term loans payable 8,000 10,000
Long-term loans payable 60,000 69,000
Common stock, $10 par 100,000 100,000
Contributed capital, common
stock 30,000 30,000
Retained earnings 57,000 36,000
Total liabilities &
stockholders’ equity $313,000 $295,000
BRECKER INC.
INCOME STATEMENT
FOR THE YEAR ENDING DECEMBER 31, 2017
Sales revenue $338,150
Cost of goods sold 175,000
Gross profit 163,150
Operating expenses 120,000
Operating income 43,150
Interest expense $11,400
Gain on sale of equipment 2,000 9,400
Income before tax 33,750
Income tax expense 6,750
Net income 27000
Additional information:
1. Dividends in the amount of $6,000 were declared and paid during 2017.
2. Depreciation expense and amortization expense are included in operating expenses.
3. No unrealized gains or losses have occurred on the investments during the year.
4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2017.
Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)

The  statement of cash flows using the direct method is $6,000.

Brecker Inc., Statement of cash flows

Cash flows from operating activities:

Cash received from customers$327,150

[$338,150 - ($62,000 - $51,000)]

Less Cash paid to suppliers($149,000)

[$175,000 - ($46,000 - $40,000) + ($40,000 - $60,000)]

Less Cash paid for operating expenses ($89,000)

[$120,000 + ($5,000 - $4,000) - ($35,000 - ($25,000 - ($20,000 ×70%))) + ($46,000 - $50,000) + ($4,000 - $8,000)]

Less Cash paid for interest($11,400)

Less Cash paid for income taxes($8,750)

[$6,750 + ($6,000 - $4,000)]

Net cash provided by operating activities $69,000

Cash flows from financing activities:

Sales of equipment$8,000

[($20,000 - ($20,000 ×70%)) + $2,000]

Less Purchase of equipment  ($44,000)

($154,000 - $130,000 + $20,000)

Add Purchase of available-for-sale investments-$17,000

($18,000 -$35,000)

Net cash used by financing activities  -$53,000

Cash flows from investing activities:  

Principal payment on short-term loan-$2,000

($8,000 - $10,000)

Less Principal payment on long-term loan($9,000)

($69,000 - $60,000)

Less Dividend payment$6,000

Net cash used by financing activities -$17,000

Net decrease in cash  -$1,000

[$69,000+(-$53,000)+(-$17,000)]

Add Cash, December 31, 2016$7,000

Cash, December 31, 2017,$6,000

($-1,000+$7,000)

Inconclusion the  statement of cash flows using the direct method is $6,000.

Learn more about  statement of cash flows here:link

Answer and Explanation:

The presentation of the cash flow statement using the direct method is presented below:

                                                  Cash flow statement

Particulars                                  Amount ($)      Total Amount($)

Cash flow from operating activities:-  

Cash received from customers    327,150  

Less-Cash paid to suppliers    (149,000)  

Less-Cash paid for operating expenses(89,000)  

Less-Cash paid for interest              (11,400)  

Less- Cash paid for income taxes(8,750)  

Net cash                                                                   $69,000

Cash flow from investing activities  

Sale of equipment {[$20,000-($20,000 × 70%)] + $2,000}8,000  

Less-Equipment purchase [$154,000 - ($130,000 - $20,000)](44,000)  

Less - Purchase of available –for-sale on investments   (17,000)  

($18,000-$35,000)

Net cash used by investing activities                              $53,000

Cash flow from financing activities:-  

Less - Principle payment on long term loan ($69,000-$60,000)(9,000)  

Less - Principle payment on short term loan ($10,000-$8,000)(2,000)  

Less - Paid Dividend(6,000)  

Net cash used by financing activities                                      ($17,000)

Net Cash decrease  (1,000)

Add : December 31,2016 Cash  7,000

December 31,2017 Cash  6,000

Working notes  

1. Particular  Amount ($)

Sales  338,150

Less - Account Receivable increase ($62,000-$51,000)(11,000)

Cash received by customers327,150

2. Particular  Amount ($)

Cost of goods sold175,000

Less-Decrease in inventory ($40,000-$60,000)(20,000)

Less-Increase in accounts payable ($46,000-$40,000)(6,000)

Cash paid to suppliers149,000

3. Particular  Amount ($)

Operating expenses120,000

Add-Increase in prepaid rent ($5,000-$4,000)1,000

Less-Amortization of copyright ($46,000-$50,000)(4,000)

Less-Depreciation expenses [$35,000-{$25,000-($20,000*70/100)}](24,000)

Less-Increase in salaries and wages payable($4,000-$8,000)(4,000)

Cash paid for operating expenses89,000

4. Particular  Amount ($)

Income tax expense6,750

Add-Income tax payable decrease($6,000-$4,000)2,000

Total cash paid for income tax8,750    

answer: i'd say the answer is d because the information system is the human already doing the activity.

the answer is d

brainliest! ?