The following accounts and corresponding balances were drawn from Jogger Companys Year 2 and Year...

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Accounting

The following accounts and corresponding balances were drawn from Jogger Companys Year 2 and Year 1 year-end balance sheets.

Account Title

Year 2

Year 1

Accounts receivable

$72,100

$79,300

Prepaid rent

460

940

Utilities payable

1,780

840

Other operating expenses payable

31,400

34,300

The Year 2 income statement is shown next.

Income Statement

Sales

$327,000

Rent expense

(23,300)

Utilities expense

(35,700)

Other operating expenses

(166,100)

Net Income

$101,900

Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method.

Outline A:

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Outline B:
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Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. Prepare the operating activities section of the statement of cash flows using the direct method. (Cash outflows should be indicated with, a minus sign.) Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. Prepare the operating activities section of the statement of cash flows using the indirect method. (Cash outflows should be indicated with a minus sign.)

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