27%, 1:41 PM Question 3 (of 7 0.00 points The following schedule relates the income statement with cash flows from operating activities, derived by both the direct and indirect methods. Some elements necessary to complete the schedule are missing. Required. the schedule each of the following missing elements: (Amounts to be deducted should be indicated with a minus sign.) ash flows from operating Activities Income Statement Indirect Method Net income Adjustments: Sales s 377 Decrease in accounts receivable 13 Cash received from cu (31) (Not reported-no cas Gain on sale of equipment 31 Gain on sale of equipment Cost of goods sold Increase in Inventory Increase in accounts payable 25 Cash paid to suppliers (56) Salaries expense 13 Cash paid to employee (16) Depreciation expense Depreciation expense 16 Cash paid for deprecia Interest expense Decrease in bond discount 3 Cash paid for interest (35) Decrease in prepaid insurance 16 Cash paid for insuranc Insurance expense Loss on sale of land (13) Loss on sale of land 13 (Not reported-no cas (41) Increase in income tax payable Cash paid for income Income tax expense Net Income S 247 Net cash flows from operating activities 49 Net cash flows from a References eBook & Resources Worksheet Learning Objective: 21-03 Determine cash flows from operating activities by the direct method Difficulty: 3 Hard Learning Objective: 21-04 Determine cash flows from operating activities by the ndirect method heck my wo 27%, 1:41 PM Question 3 (of 7 0.00 points The following schedule relates the income statement with cash flows from operating activities, derived by both the direct and indirect methods. Some elements necessary to complete the schedule are missing. Required. the schedule each of the following missing elements: (Amounts to be deducted should be indicated with a minus sign.) ash flows from operating Activities Income Statement Indirect Method Net income Adjustments: Sales s 377 Decrease in accounts receivable 13 Cash received from cu (31) (Not reported-no cas Gain on sale of equipment 31 Gain on sale of equipment Cost of goods sold Increase in Inventory Increase in accounts payable 25 Cash paid to suppliers (56) Salaries expense 13 Cash paid to employee (16) Depreciation expense Depreciation expense 16 Cash paid for deprecia Interest expense Decrease in bond discount 3 Cash paid for interest (35) Decrease in prepaid insurance 16 Cash paid for insuranc Insurance expense Loss on sale of land (13) Loss on sale of land 13 (Not reported-no cas (41) Increase in income tax payable Cash paid for income Income tax expense Net Income S 247 Net cash flows from operating activities 49 Net cash flows from a References eBook & Resources Worksheet Learning Objective: 21-03 Determine cash flows from operating activities by the direct method Difficulty: 3 Hard Learning Objective: 21-04 Determine cash flows from operating activities by the ndirect method heck my wo
