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Complete a Statement of Cash Flows for the Operating Cash Flows section Net Income for 20X2: $50,000 Depreciation Expense for 20X2: $5,000 Assets 20X1 20X2

Complete a Statement of Cash Flows for the Operating Cash Flows section

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Net Income for 20X2: $50,000 Depreciation Expense for 20X2: $5,000 Assets 20X1 20X2 Marketable Securities $18,000 $22,000 Accounts Receivable $22,000 $30,000 Inventory $19,000 $25,000 Prepaid Expenses $12,000 $23,000 Equipment $20,000 $21,000 Liabilities Accounts Payable $11,000 $19,000 Accrued Expenses $9,000 $12,000 Current Maturities of Long-Term Debt $18,000 $22,000 Long-Term Debt $19,000 $20,000

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