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Statement of Cash Flow (15 Points) For the year ended Dec...

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Accounting

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Statement of Cash Flow (15 Points) For the year ended Dec 31, 2019, Omni Company reported net income of $73,650; depreciation expense increased of $3,300, and recognized $6,700 loss on disposal of equipment. (Filling amount is 2points each; filing account is 1 point each) In addition, current operating assets and liabilities from the company's comparative balance sheet were as follows: Dec 31, 2019 Dec 31, 2018 Accounts Receivable $5,600 $4,635 Inventory $7,300 $4,500 Accounts Payable $6,750 $3,455 Based upon above information, please generate cash flows from operation activities in 2018. Cash flows from operating activities: Net Income $73,650 Adjustments to reconcile net income to net cash flow from operating activities Depreciation Loss on Disposal of Equipment Changes in current operating assets and liabilities (Pur "increase/decreased of current asset or current liability account") Net Cash Flow from Operating Activities Focus B E

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