4 556 S. DEAN INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31ST, 2021 7 SALES $7,200,000.00 00 8 COST OF GOODS SOLD 9 BEG INV $2,350,000.00 10 PURCHASES $5,600,000.00 11 GOODS AVAILABLE FOR SALE $7,950,000.00 12 ENDING INV $3,200,000.00 13 COST OF GOODS SOLD $4,750,000.00 $4,750,000.00 14 GROSS MARGIN $2,450,000.00 15 16 56 OPERATING EXPENSES 17 DEPRECIATION EXPENSE $356,000.00 18 SELLING EXPENSES 19 ADMIN EXPENSES $256,000.00 $399,000.00 20 NET INCOME $1,011,000.00 $1,439,000.00 21 22 23 24 25 26 OTHER INFORMATION AR INCREASED PP EXPENSE DECREASED AP INCREASED $250,000.00 27 WAGES PAYABLE INCREASED 28 OFFICE SUPPLIES DECREASED 29 $50,000.00 $25,000.00 $32,556.00 $15,222.00 $14,256.00 30 31 32 INCOME TAXES PAYABLE DECREASED PREPARE THE OPERATIONS ACTIVITY SECTION OF THE STATEMENT OF CASH FLOWS FOR YEAR ENDED 12/31/21 FOR DEAN COMPANY USING THE INDIRECT METHOD? 33