Question: Salt Lake Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. Required

Salt Lake Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow.

Salt Lake Company's 2017 income statement and selected balance sheet
Salt Lake Company's 2017 income statement and selected balance sheet

Required
Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method.

SALTLAKE COMPANY Income Statement For Year Ended December 31, 2017 $156,000 Expenses Cost of goods sold 72,000 32,000 20,000 5,000 2,600 2,400 2,000 $20,000 Salaries expense. ... Interest expense.... Net income SALT LAKE COMPANY Selected Balance Sheet Accounts At December 31 hn 121y Accounts payable Salaries payable .. Utilities payable... Preysil.... Peiea 2017 2016 $3,600 $3,000 860 980 2,400 2,600 900 600 200 0 140 180 100 200

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