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Current Attempt in Progress Martinez Company reported 2020 net income of $178,200 was based on sales of $635,000- During 2020, accounts receivable increased by $14,600

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Current Attempt in Progress Martinez Company reported 2020 net income of $178,200 was based on sales of $635,000- During 2020, accounts receivable increased by $14,600 and accounts payable increased by $10,400. Depreciation expense was $47,000, cost of goods sold of $204,000, salaries and wages of $ 155,000, depreciation expense of $47,000, and income tax expense of $50,800. Prepare the cash ows from operating activities section of the statement of cash ows using the direct method. Martinez Company Statement of Cash Flows (Partial) V $ V $ v $ Save for Later Attempts: 0 of 1 used

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