alud Company reports the following information. Selected Annual Income Statement Data Net income Depreciation expense Gain on sale of machinery Check my Selected Year-End Balance Sheet Data $485,000 Accounts receivable increase 94,500 Prepaid expenses decrease 23,000 Accounts payable increase Wages payable decrease $53,600 17,100 6,800 2,500 Use the indirect method to prepare 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.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to operating cash flow C EPIC a < Prev 5 of 8 Next ^170) 9:50 PM 1/28/2021