Waller Corporation had the following account balances for 2014: December 31 January 1 Accounts Payable $67,200 $58,200 Prepaid Rent Expense 24,600 37,200 Accounts Receivable (net) 84,000 66,600 Waller’s 2014 net income is $450,000. What amount should Waller include as net cash provided by operating activities in its 2014 statement of cash flows?

Which of the following entries would be made to record the requisition of $12,000 of direct materials and $6,900 of indirect materials? (assume that indirect materials are included in raw materials inventory.) a. manufacturing overhead 18,900 raw materials inventory 18,900 b. wip inventory 12,000 manufacturing overhead 6,900 raw materials inventory 18,900 c. raw materials inventory 18,900 wip inventory 18,900 d. wip inventory 18,900 raw materials inventory 18,900