Calculate cash from operating activities using the indirect method. (LO 5) The information shown comes from the
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Calculate cash from operating activities using the indirect method. (LO 5)
The information shown comes from the balance sheets of TCB Company at June 30, 2008 and 2007.
Net income for the year ended June 30,2008 , was \(\$ 86,900\). Included in the operating expenses for the year was depreciation expense of \(\$ 102,000\).
\section*{Required}
Prepare the cash from operating activities section of TCB Company's statement of cash flows for the year ended June 30, 2008. Use the indirect method.
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