Check my work 1 Salud Company reports the following information. 5 Selected Annual Income Statement Data Net income $470,000 Depreciation expense 85,000 Gain on sale of machinery 25,100 Selected Year-End Balance Sheet Data Accounts receivable increase $52,800 Prepaid expenses decrease 12,300 Accounts payable increase 7,200 Wages payable decrease 2,400 BOOK Hint Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Print Retorences Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to operating cash flow Prev 1 of 4 !!! Next >