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4 different questions a.) The following income statement and additional year-end information is provided. Prepare the operating activities section of the statement of cash flows

4 different questions

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The following income statement and additional year-end information is provided. Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Eurniture costing $59,400 is sold at its book value in 2019 . Acquisitions of furniture total $46,500 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received rom the sale of furniture. Complete the general ledger accounts to calculate cash received from the sale of furniture. . How much cash is paid to acquire inventory during year 2019? .. How much cash is paid for "other expenses" during year 2019? Hint: Examine prepaid expenses and wages payable. Jse the above balance sheet and income statement to prepare the operating activities section by direct method. Assume all the ales were made on credit basis. (Amounts to be deducted should be indicated with a minus sign.)

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