From the following information for Ali Company financial data: 2020 2019 Cash 23500 37500 Cash...
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Accounting
From the following information for Ali Company financial data: 2020 2019 Cash 23500 37500 Cash received from sale of equipment 20000 30000 Inventories 76329 86261 Prepaid expenses 11275 15814 Cash paid for dividends 20000 45000 84175 77584 Accounts payable Salaries Payable 22932 16151 sales 500000 700000 Depreciation expense 21108 30000 Net Income 181581 130000 Required: prepare the Cash Flows from Operating Activities section of the Statement of Cash Flows for 2020
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