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4 The following are selective items extracted from BBC Co. Financial Statements as of December 31, 2021: BBC Co. Balance Sheets 2021 2020 Current assets
4 The following are selective items extracted from BBC Co. Financial Statements as of December 31, 2021: BBC Co. Balance Sheets 2021 2020 Current assets $ $ Accounts receivable 9,500 9,515 Inventory 2,475 2,500 Accrued income 215 250 Current Liabilities Accounts payable 13,045 13,000 Interest payable 110 55 Accrued Dividends Payable 385 320 Income taxes payable 75 0 BBC Co. Income Statement $ $ Sales Cost of goods sold Wages & other expenses Depreciation expenses Gross profit 6,110 360 155 85 (600) 5,510 Other gains (losses) Gain on sale of equipment 95 95 Loss on retirement of bonds (105) (10) Income before taxes 5,500 Income taxes expense (910) Net income 4,590 Required Prepare cash flow from operating activities only using the indirect method for the year ended December 31, 2021. Important Notes Write inside the box below, do not upload any file. Use the editor to format your answer 10 Points
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