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can somone check if my work is correct ignore the third picture I messed up the cell formating use this new picture for the third
can somone check if my work is correct
ignore the third picture I messed up the cell formating use this new picture for the third one sorry
P12.5A Prepare the operating activities section-indirect method Rewe Company's income statement contained the condensed information below. REWE COMPANY Income Statement For the Year Ended December 31, 2022 Rewe's balance sbeet contained the comparative data at Docember 31 . Account instructions Prepare the operaing activities section of the statement of cash flows using the indired method. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" REWE COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Loss on disposal of plant assets Increase in accounts receivable Increase in accounts payable Increase in income taxes payable Net cash provided by operating activities \begin{tabular}{|c|c|} \hline$55,000 & \\ \hline 16,000 & \\ \hline(10,000) & \\ \hline 9,000 & \\ \hline 6,000 & 76,000 \\ \hline & $305,000 \\ \hline \hline \end{tabular} After you have completed P12.5A, consider the additional question. 1. Assume that the 2022 balance of accounts recivable, accounts payable, and income taxes payable changed to $75,000,$39,000 and $4,500 respectively, Show the impact of these changes on the operating section of the statement of cash flows. After you have completed P12.5A, consider the additional question. 1. Assume that the 2022 balance of accounts receivable, accounts payable, and income taxes payable changed to $75,000,$39,000 and $4,500 respectively, Show the impact of these changes on the operating section of the statement of cash flows Step by Step Solution
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