BBBB Corporation
Income Statement
For the Year Ended December 31, 20xx
Sales			$3,000
Cost of goods sold			1,500
Gross margin			$1,500
Operating expenses excluding depreciation	$600
Depreciation expense Total Operating expenses	300		900
Income before income taxes			$ 600
Income taxes expense			150
Net income		$ 450

During the year, 3 pts

Accounts receivable increased by $750

Inventory increased by $450

Accounts Payable decreased by $600

Income Taxes Payable increased by $150

Using the information provided prepare the Statement of Cash Flows from Operating Activities section using the indirect method.