#2 chapter 12

Savec $1,553,000 760,970 792,030 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $212,761 Depreciation expense 37,272 Rent expense 41,931 Amortization expenses-Patents 4,659 utilities expense 17,083 Gain on sale of equipment Net income 313,706 478,324 6,212 $ 484,536 Accounts receivable Inventory $42,500 increase 18,925 increase Accounts payable Salaries payable Prepare the operating activities section of the statement of cash flows using indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Niet in Prev 2 of 5 C N haucation.com/ext/map/index.html?_con=con&external browser=0&launchuri D YouTube Libby - Shelf Grammarly 9 1 Goodreads Five Feminine -k-ma- Netflix Saved Accounts receivable Inventory $42,500 increase 18,925 increase Accounts payable Salaries payable $ 9,500 decrease 4,350 decrease Prepare the operating activities section of the statement of cash flows using the indirect method (Amol indicated with a minus sign.) Statement of Cash Flows parti Cash flows from operating activities Net Income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities N