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16.66 points Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following Information: Income Statement for
16.66 points Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following Information: Income Statement for Current Year Service revenue Expenses Salaries Depreciation Amortization of copyrights Other expenses Net loss Partial Balance Sheet Accounts receivable. Salaries payable Other accrued Liabilities $ 52,500 $ 41,800 8,900 200 10,500 61,400 5 (8,900) Current Year $ 8,800 14,800 1,600 Prior Year $ 15,700 1,100 6,500 In addition, Rodriguez bought a small service machine for $6,100. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the direct method. Assume that other accrued liabilities relate to other expenses on the income statement. Note: List cash outflows as negative amounts. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Con other accrued liabilities relate to other expenses on the income statement. Note: List cash outflows as negative amounts. Answer is complete but not entirely correct. RODRIGUEZ COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Cash collected from customers Cash payments to employees Cash payments for other expenses $ 0 (28,100) ( 0 Net cash provided by operating activities $(28,100)
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