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ABC Corporation reported net income of $15,000 for the year 2020. Over the course of that year, certain balance sheet accounts changed as follows
ABC Corporation reported net income of $15,000 for the year 2020. Over the course of that year, certain balance sheet accounts changed as follows Increase in accounts recevable $28.000 Increase in accounts payable $16.600 Decrease in inventory: $12.800 Decrease in wages payable: $23.800 Increase in Treasury stock $13.500 Decrease in net poE: $19.700 The depreciation expense was 116,000 for the year 2000, in addition, net income included a gain of $25.000 from selling stock of Apple that had been held as an investment ased on this information, prepare the Cash from operating activities section of ABC's Statement of Cash Flows for 2020, using the indirect method. Enter descriptions on the f the table than you require, leave the unneeded nes blank or enter N/A Use a negative sign or parentheses around a number ounts on the right in the table below if there are more lines Cash from operating activities set income Adjustments to net income 15000
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