Current Attempt in Progress Your answer is partially correct Carla Vista Ltd. reported the following for...
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Current Attempt in Progress Your answer is partially correct Carla Vista Ltd. reported the following for the fiscal year 2021: CARLA VISTA LTD. Income Statement Year Ended September 30, 2021 Sales $579,000 Cost of goods sold 334.000 Gross profit 245,000 Operating expenses $105,000 Depreciation expense 30,000 Gain on sale of land (40,000) 95,000 Profit before income tax 150,000 Income tax expense 37.500 Profit $112,500 Additional information: 1 Accounts receivable decreased by $15.900 during the year. 2 Inventory increased by $7.400 during the year. 3. Prepaid expenses decreased by $5,400 during the year. 4. Accounts payable to suppliers increased by $10,900 during the year. 5. Accrued expenses payable increased by $4,900 during the year. 6. Income tax payable decreased by $6.700 during the year. Prepare the operating activities section of the cash flow statement using the indirect method. (Show ame with either a-sign eg-15,000 or in parenthesis es (15,000) Current Attempt in Progress Your answer is partially correct Carla Vista Ltd. reported the following for the fiscal year 2021: CARLA VISTA LTD. Income Statement Year Ended September 30, 2021 Sales $579,000 Cost of goods sold 334.000 Gross profit 245,000 Operating expenses $105,000 Depreciation expense 30,000 Gain on sale of land (40,000) 95,000 Profit before income tax 150,000 Income tax expense 37.500 Profit $112,500 Additional information: 1 Accounts receivable decreased by $15.900 during the year. 2 Inventory increased by $7.400 during the year. 3. Prepaid expenses decreased by $5,400 during the year. 4. Accounts payable to suppliers increased by $10,900 during the year. 5. Accrued expenses payable increased by $4,900 during the year. 6. Income tax payable decreased by $6.700 during the year. Prepare the operating activities section of the cash flow statement using the indirect method. (Show ame with either a-sign eg-15,000 or in parenthesis es (15,000)
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