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Accrual Basis Income Statement For the Year Ended December 31, 2012 Net sales $900,000o Cost of goods sold Selling and administrative expense Total expenses Income

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Accrual Basis Income Statement For the Year Ended December 31, 2012 Net sales $900,000o Cost of goods sold Selling and administrative expense Total expenses Income before income taxes Income taxes Net income 550,000 133,000 $683,000 217,000 ?65-400 $151,600 Other data: a. Cost of goods sold includes depreciation expense of $20.000. b. Selling and administrative expense includes goodwill amortization of 10,000. c. Decrease in deferred income taxes (a liability account), $5,000. d. Increase in accounts receivable, $20,000. e. Increase in accounts payable, $10.000. f Increase in inventories, $30,000. g. Decrease in income taxes payable, $20.000. Required flows from operating activities using the indirecta PREPARE A STATEMENT OF CASH FLOW IN THE SPACE BELOW - USE THE DIRECT METHOD

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