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Bramble Corporation had the following 2020 income statement. Sales revenue $192.000 Cost of goods sold 130.000 Gross profit 62.000 Operating expenses (includes depreciation of $22,000)
Bramble Corporation had the following 2020 income statement. Sales revenue $192.000 Cost of goods sold 130.000 Gross profit 62.000 Operating expenses (includes depreciation of $22,000) 48.000 Net income $14.000 The following accounts increased during 2020: Accounts Receivable $11,000, Inventory $12,000. Accounts Payable $11,000. Prepare the cash flows from operating activities section of Bramble's 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Bramble Corporation Statement of Cash Flows-Indirect Method (Partial) $ Adjustments to reconcile net income to $
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