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C Not secure l ezto on com/hm.tpx 18. 0.22 points PA12-2 Computing Cash Flows from Operating Activities (Indirect Method) [LO 122) for Direct Products Company for the year ended December 31 are presented below $47,600 20,500 1,900 and Wages Expense8,900 4,400 1,850 1,750 1,350 Utilities Expense Net Income s 6.950 Balances Balances S 565 $ 590 715 425 470 Prepaid Rent Dll 2 3 Required Prepare the cash flows from operating activities section of the statement of cash flows using the indir method. (Amounts to be deducted should be indicated with a minus sign.) DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Total Adjustments References eBook & Resources Financial Statements Difficulty: 2 Medium PA12-2 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2 Learning Objective: 12-02 Report cash flows from operating activities, using the indirect method. Type here to search Si