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Compute the net cash flow from operating activites for Mustang Company under the indirect reporting format. Mustang Company provided you with the following information for
Compute the net cash flow from operating activites for Mustang Company under the indirect reporting format. Mustang Company provided you with the following information for the current year. Accounts Payable relate to Selling, General and Administrative Expenses. ai k the icon to view the statement of net income. Requirement Click the icon to view the changes in balance sheet accounts. Compute net cash flow from operating activities under the indirect reporting format. (Use a minus sign or parentheses for any numbers to be subtracted. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Statement of net income - Changes in balance sheet accounts Mustang Company Partial Statement of Cash Flows (Indirect Method For the Yoar Ended December 31 Account Changes from the Balance Sheet Decrease in Accounts Receivable Decrease in Accounts Payable Increase in Wages Payable Amount Mustang Company Statement of Net Income For the Current Year Ended Operating Activities: S 2,200 500 3,300 Adjustments to Roconcile Not Income to Cash Flows Sales Depreciation Expense Selling, General, and Administrative Expenses Gain on Sale of Equipment Other Expenses S 41,000 (6,000) (34,000) 1.000 (3,690) (1,690) 570 S (1,120) Print Done Changes in Current Assets and Liabilities Income before Taxes Tax Benefit Net Loss Net Cash Provided (Used) by Operating Activities Print Done
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