A A partial balance sheet for orange company is presented below Orange Company Income statement A For the year Ended December 31, 2019 Sales Cost of goods sold Gross Profit Operating expenses Salaries $10,000 Depreciation expense 4,000 Miscellaneous 1,000 Net Income $100,000 (55,000) $45,000 (15,000) $30,000 Orange Company Balance Sheet As at 31st December 2019 2019 2018 Cash $5,000 $7,000 Account receivable 1,500 1,200 Inventories 2,000 2,500 Prepaid expenses 500 250 Furniture 4,500 2,500 Accounts Payable 7,000 10,000 Salaries Payable 500 900 Bank Loan Short term 2,000 1,500 Required Prepare the operating activities section of the statement of cash flows using indirect method (10 Marks)

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A  A partial balance sheet for orange company is presented below  Orange Company Income statement A For the year Ended December 31, 2019 Sales Cost of goods sold Gross Profit Operating expenses  Salaries $10,000 Depreciation expense 4,000 Miscellaneous 1,000 Net Income $100,000 (55,000) $45,000 (15,000) $30,000 Orange Company Balance Sheet As at 31st December 2019 2019 2018 Cash $5,000 $7,000 Account receivable 1,500 1,200 Inventories 2,000 2,500 Prepaid expenses 500 250 Furniture 4,500 2,500 Accounts Payable 7,000 10,000 Salaries Payable 500 900 Bank Loan Short term 2,000 1,500 Required Prepare the operating activities section of the statement of cash flows using indirect method  (10 Marks)

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A. A partial balance sheet for orange company is presented below. Orange Company Income statement A For the year Ended December 31, 2019 Sales Cost

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