4.

Salud Company reports net income of $540,000 for the year ended December 31, 2013. It also reports $97,200 depreciation expense and a $6,500 gain on the sale of machinery. Its comparative balance sheets reveal a $43,200 increase in accounts receivable, $22,140 increase in accounts payable, $11,880 decrease in prepaid expenses, and $16,740 decrease in wages payable.

Required:

Prepare only the operating activities section of the statement of cash flows for 2013 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

3.

Alexander Corporation reports the following components of stockholders