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7 Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for
7 Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) 3.33 points Selected Annual Income Statement Data Net income $410,000 Depreciation expense 92,000 Gain on sale of machinery 20,600 Selected Year-End Balance Sheet Data Accounts receivable increase $52,000 Prepaid expenses decrease 12,600 Accounts payable increase 7,600 Wages payable decrease 3,100 eBook Cash flows from operating activities Hint Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash References Changes in current operating assets and liabilities 0 $ 0
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