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Annual Income Statement Data Sales Expenses: Cost of goods sold Wages expense Amortization expense Net income Selected Year-End Balance Sheet Data $ 50,000 Wages
Annual Income Statement Data Sales Expenses: Cost of goods sold Wages expense Amortization expense Net income Selected Year-End Balance Sheet Data $ 50,000 Wages payable decrease $ 3,000 Inventory increase 500 30,000 Accounts payable decrease 10,000 1,000 1,500 $ 8,500 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-indirect method 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
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