Compute Cash Provided by Operating Activities Zowine Company's condensed Income statement for the year ended December 31, 20-2, is shown. Net sales $765,000 Cost of goods sold Gross profit Operating expenses Income before taxes Income tax expense Net income 550,000 $215,000 30,000 $185,000 65,000 $120,000 Additional information obtained from Zowine's comparative balance sheets as of December 31, 20-2 and 20-1, is shown. 20-2 20-1 $60,000 $20,000 Accounts receivable 70,000 100,000 Merchandise inventory 80,000 125,000 Accounts payable 55,000 90,000 Prepare a partial statement of cash flows reporting cash provided by operating activities for the year ended December 31, 20-2 Zowine Company Check Work 2 more Cho My Working Previous Son out Zowine Company Statement of Cash Flows (Partial) For Year Ended December 31, 20-2 Cash flows from operating activities Not Income 120,000 30,000 Mantments for changes in current busets and diabilities related to operating activities: Decrease in accounts receivable Decrease in marchandise Inventory Decrease in accounts payable tret cath provided by operating activities 15,000 SHEET 160,000 Check My Work Ema Check Worcestering Previous Next