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Annual Income Statement Data Selected Year-End Balance Sheet Data Sales $ 43,000 Prepaid expenses increase $ 3,300 Expenses: Inventory increase 550 Cost of goods sold
Annual Income Statement Data | Selected Year-End Balance Sheet Data | |||||||
Sales | $ | 43,000 | Prepaid expenses increase | $ | 3,300 | |||
Expenses: | Inventory increase | 550 | ||||||
Cost of goods sold | 22,000 | Accounts payable decrease | 1,600 | |||||
Wages expense | 10,000 | |||||||
Amortization expense | 2,400 | |||||||
Net income | $ | 8,600 | ||||||
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.)
$43,000 Annual Income Statement Data Sales Expenses: Cost of goods sold Wages expense Amortization expense Net income Selected Year-End Balance Sheet Data Prepaid expenses increase Inventory increase Accounts payable decrease $ 3,300 550 1,600 22,000 10,000 2,400 $ 8,600 Prepare the operating activities section of the statement of cash flows for Green Garden 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
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