< 1 of 3 HOU B291 Assignment.pdf Arab Open University Student name: Section: Faculty of Business Studies B291-Assignment ID: The income statement and a partial balance sheet for Beta Company are presented below. Beta Company Partial Balance Sheet As at December 31st, 2016 2016 2015 Cash $40,000 $35,000 Accounts Receivable 6,000 2,000 Inventories 5,000 3,000 Prepaid Expenses 5,000 8,500 Accounts Payable 9,500 12,500 Salaries Payable 9,300 5,500 Accrued Electricity bill 4,000 2,000 Beta Company Income statement For the year ended December 31st, 2016 Sales Cost of goods sold Gross profit Operating expenses: Salaries Depreciation Expenses Utility expenses Net Income $300,000 166,000 134,000 $30,000 28,000 30,000 88,000 $46,000 Required: Prepare the operating activities section of the Statement of Cash Flows using indirect method. AOU Arab Open University Faculty of Business Studies