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Annual Income Statement Data Sales $43,000 Selected Year-End Balance Sheet Data Prepaid expenses increase $4,000 Expenses: Cost of goods sold Wages expense Amortization expense Net
Annual Income Statement Data Sales $43,000 Selected Year-End Balance Sheet Data Prepaid expenses increase $4,000 Expenses: Cost of goods sold Wages expense Amortization expense Net income 20,000 11, 200 2,000 Inventory increase Accounts payable decrease 530 2,000 $ 9,800 Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method. (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 net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities $ 0
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