ces For Year Ended December 31 Kales $1,824,000 Cost of goods sold 893,760 Gross profit Operating expenses 930,240 Salaries expense $249,888 Depreciation expense. 43,776 Rent expense 49,248 Amortization expenses-Patents 5,472 Utilities expense 20,064 368,448 Gain on sale of equipment 561,792 7,296 Net income $ 569,088 Check my Accounts receivable Inventory $14,900 increase 35,975 increase Accounts payable Salaries payable $13,725 decrease 4,000 decrease Prepare the operating activities section of the statement of cash flows 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 Type here to search < Prev 3 of 8 Next > EPIC