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CP 14-6 Assume the following income statement and statement of financial position information for the year ended December 31, 2019: Sales Cash $200 Cost
CP 14-6 Assume the following income statement and statement of financial position information for the year ended December 31, 2019: Sales Cash $200 Cost of goods sold 120 80 Gross profit Operating expenses Rent Net income Accounts receivable Inventory Prepaid rent Retained earnings 30 $50 2019 2018 Dr. (Cr.) Dr. (Cr.) $100 $86 60 40 36 30 10 -0- (206) (156) Required: Calculate cash flow from operating activities.
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