Suppose your company reports $230 of net income and $54 of cash dividends paid, and...
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Accounting
Suppose your company reports $230 of net income and $54 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Beginning Ending $ 49 $279 249 145 315 209 Total $509 $737 Salaries and Wages Payable $ 24 Common Stock 170 Retained Earnings 315 $120 126 491 Total $509 $737 Required: 1. Prepare the operating ties ction of the statement flows, using (Amounts to be deducted should be indicated with a minus sign.) indirect method. Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities
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