Chapter 23 Homework 23-1 The income statement of Rodriquez Company is shown below. RODRIQUEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31,20x0 $6,900,000 $1,900,000 4.400.000 6,300,000 1.600.000 Sales Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses Selling expenses Administrative expenses Net income 4.700.000 2,200,000 450,000 700,000 1.150,000 $1,050,000 Additional information: 1. Accounts receivable decreased $310,000 during the year. 2. Prepaid expenses increased $170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $275,000 during the year. 4. Accrued expenses payable decreased S120,000 during the year 5. Administrative expenses include depreciation expense of $60,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended December 31, 20x0, for Rodriquez Company, using the indirect method. 23-2 Data for the Rodriquez Company are presented in 23-1. Instructions Prepare the operating activities section of the statement of cash flows using the direct method