Mueller Company reported net income of Rs.845,000 for the year ending December 31, 2014. Mueller...
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Mueller Company reported net income of Rs.845,000 for the year ending December 31, 2014. Mueller also reported depreciation and amortization expenses of Rs.285,000 and a gain on sale of fixed asset of Rs.21,750. Muellers balance sheet shows an increase in accounts receivable of Rs.39,000, and an increase in inventory of Rs.32,500. Prepaid expenses decreased by Rs.18,000, and income taxes payable increased by Rs.14,225. During the same year, Muellers accounts payable decreased Rs.18,975, and its salaries payable decreased Rs.5,850. Using this information, prepare the operating activities section of Muellers cash flow statement using the indirect method for the year ending December 31, 2014.
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