Question
Dec. 31, 2018 Dec. 31, 2017 Cash $206,000 $170,000 Accounts Receivable 22,000 21,500 Inventory 33,750 30,500 Prepaid Rent 7,000 2,000 Accounts Payable 19,000 28,750
Dec. 31, 2018 Dec. 31, 2017 Cash $206,000 $170,000 Accounts Receivable 22,000 21,500 Inventory 33,750 30,500 Prepaid Rent 7,000 2,000 Accounts Payable 19,000 28,750 Additional Information: Net Income Depreciation Expense $55,000 11,500 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Coconut Company Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Net Cash Flow from Operating Activities
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