Accounts Receivable	$	16,400		$	11,000
Merchandise Inventory		22,000			24,200
Prepaid Rent		1,200			0
Accounts Payable		12,200			15,600
Salaries and Wages Payable		2,400			3,600

Income Statement
Sales Revenue	$	330,000
Expenses:
Cost of Goods Sold		196,000
Depreciation Expense		22,000
Salaries Expense		33,000
Rent Expense		13,200
Insurance Expense		13,200
Interest Expense		12,100
Utilities Expense		11,000
Net Income	$	29,500

Please solve

Sclertrd balarce shent infrmation and the inm statement far Fauntainhead Coparation for the current ynar ara pmsantad hea. Seertrd Balance Shert Arrounts Pinr Yaar Curmnt Ynar $ 16,400 11 to 22,000 24,200 Merchandse Inventory Prepeid Ren Accounls Payable Salari 200 12,200 Wages Payabe 2,400 15,8C0 3,600 Inaama Statement $330,a Sales Rewarua Expens68 Ccet of Gods 5oid 196.000 22.000 33,000 13,200 13,200 12,100 11000 Saaries Expenee RenLxperse Insurarce Experse Intarrst Expense Utiities Expense 23.500 Net Income Required: Prepara e cash flows fram oparaing caviies sacion of the staiement of cash tiows using tha indirect mathod. (Enter any deductlons and cash outrlows as a negative value) Cash Flows from Operating Actvitle8 Adjustmts to rarnaie net income to net cash prwined by acttyhle Change8 in curent asets and curren labiles