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1 Z Corp provides you selected Balance Sheet and Income Statement information for 20X1 as follows: Balance Sheet Accounts Receivable Increase $28,000 Inventory Decrease $12,000
1 Z Corp provides you selected Balance Sheet and Income Statement information for 20X1 as follows: Balance Sheet Accounts Receivable Increase $28,000 Inventory Decrease $12,000 Unearned Revenues Decrease $8,000 Accounts Payable Increase $6,000 Income Statement Sales $300,000 Expenses: Cost of Goods Sold (110,000) Salaries Expense (30,000) Depreciation (40,000) Net Income $120,000 Required: Calculate Z Corp's Cash Flows from Operations
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