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answer all the following The account balances for the non-cash current assets and current liabilities of Kid-game Software Inc are as follows: Accounts receivable Inventory
answer all the following
The account balances for the non-cash current assets and current liabilities of Kid-game Software Inc are as follows: Accounts receivable Inventory Prepaid expenses Totals Accounts payable Salaries payable Interest payable Totals December 31 2020 2019 $132,000 $111,400 93,500 126,600 55,600 51,200 $281,400 $289.200 $ 90,000 $ 69,200 27,000 39,400 42,200 $160,200 $150,500 During 2020, Kid-game Software Inc reported depreciation expense of $62,000 All purchases and sales are on account Profit for 2020 was $258,000 Required: 1. Prepare the operating activities section of the statement of cash flows using the Indirect method. (List any deduction in cath and cash outflows os negative amounts.) KID GAME SOFTWARE INC Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities KID-GAME SOFTWARE INC. Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities: Adjustments to reconcile profit to net cash provided by operating activities: $ $ 0
answer all the following
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