Data for the Rodriquez SA are presented in E23.3.

Instructions
Prepare the operating activities section of the statement of cash flows using the direct method.

Transcribed Image Text:

Rodriquez SA INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 Sales revenue R$6,900,000 Cost of goods sold Beginning inventory R$1,900,000 Purchases 4,400,000 Goods available for sale 6,300,000 Ending inventory 1,600,000 Cost of goods sold 4,700,000 Gross profit 2,200,000 Operating expenses Selling expenses 450,000 Administrative expenses 1,150,000 700,000 R$1,050,000 Net income