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$380.000 225.000 $155.000 Presented below is the income statement of Mets, Inc.: Sales revenue Cost of goods sold Gross profit Operating expenses Income before income
$380.000 225.000 $155.000 Presented below is the income statement of Mets, Inc.: Sales revenue Cost of goods sold Gross profit Operating expenses Income before income taxes Income taxes Net income 95.000 60.000 24,000 $ 3.000 In addition, the following information related to net changes in working capital is presented: Cash increased $12.000 25.000 Accounts receivable increased Inventories decreased Salaries payable (operating expenses) decreased Accounts payable increased Income taxes payable decreased $19.400 8,000 14.000 3.000 The company also indicates that depreciation expense for the year was $16,700. Instructions Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method
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