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10 minutes please Question 2 (20 points] The account balances for the noncash current assets and current liabilities of X colline are as follows December
10 minutes please Question 2 (20 points] The account balances for the noncash current assets and current liabilities of X colline are as follows December 31 2015 2014 Accounts receivable 14.000 38.500 Merchandise inventory 20,500 45,600 Proped expenses 66,000 53,500 Totals 166,500 137.500 Accounts payable 12.500 39.000 Salarios payable 65,500 72,500 Totes 125,000 111.500 During 2015 X-cell Inc reported depreciation expense of $5,500. A loss on sale of equipment was reported in the amount of $7.000. All purchases and sales are on account Netloss for 2015 was $48.000. Prepare the operations section of the statement of cash flows using the indirect method Tselect one) Statement of Cash Flows select one)
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