The following income statement and additional year-end information is provided. Accounts receivable Inventory ...

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Accounting

The following income statement and additional year-end information is provided.
Accounts receivable Inventory
$14,250 increase Accounts payable
$.11,450 decrease
Sales Cost of goo Gross profi Operating exp Salaries Depreciat Rent expe Amortizat Utilities Gain on sal Net income
$1,590,000
779,100
810,900
Income Statement
For Year Ended December 31
Accounts receivable $14,250 increase Accounts payable $11,450 decrease
Inventory 23,175 increase Salaries payable 5,600 decrease Prepare the operating activities section of the statement of cash flows using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.
\table[[Statement of Cash Flows (partial),],[Cash flows from operating activities,],[,],[Adjustments to reconcile net income to net cash provided by operating activities,],[Income statement items not affecting cash,],[,],[Changes in current operating assets and liabilities,],[,],[,]]
The following income statement and additional year-end information is provided.
Accounts receivable Inventory
$14,250 increase Accounts payable
$.11,450 decrease
Sales Cost of goo Gross profi Operating exp Salaries Depreciat Rent expe Amortizat Utilities Gain on sal Net income
$1,590,000
779,100
810,900
Income Statement
For Year Ended December 31
Accounts receivable $14,250 increase Accounts payable $11,450 decrease
Inventory 23,175 increase Salaries payable 5,600 decrease Prepare the operating activities section of the statement of cash flows using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.
\table[[Statement of Cash Flows (partial),],[Cash flows from operating activities,],[,],[Adjustments to reconcile net income to net cash provided by operating activities,],[Income statement items not affecting cash,],[,],[Changes in current operating assets and liabilities,],[,],[,]]
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