2. Timberline Inc. had the following current accounts last year. ($000)

In addition, the company had sales revenues of $9,453,000 and costs and expenses (including interest and tax) of $7,580,000. Depreciation of $1,462,000 is included in the cost and expense figures.
Construct a statement showing Timberline’s Cash from Operating Activities section, including a detail of changes in balance sheet accounts.

Transcribed Image Text:

Cash Accounts receivable Inventory Current assets Beginning Ending $ 175 $ 238 Accounts payable 1,456 943 $2,574 2,207 786 Accruals Beginning Ending $182 $205 95 83 $3,231 Current liabilities $300 $265