. During The Year. Hepworth | C Search Textbook Solutions | |-Cornerstones of Manag X | + https://books.google.com/books?id 71081pg-PA710&dq=The-income + statement-for+the+Mendelin-Corporation-is+as+ f m pare the statement. OBJECTIVE 2 Problem 15-46 Schedule of Operating Cash Flows: Indirect Method The income statement for the Mendelin Corporation is as follows: Revenues Less: Cost of goods sold: S 380,000 Beginning inventory Purchases S 50,000 200,000 (34,000) Ending inventory (216,000) (20,000) (12,000) (60,000) (30,000) (10,500) (6,400) (7.600) S 17.500 Less: Patent amortization Advertising Depreciation expense Wages expense Insurance expense Bad debt expense Interest expense Net income Additional information is as follows: a. Interest expense includes $1,800 of discount amortization. b. The prepaid insurance expense account decreased by $2,000 during the year c. Wages payable decreased by $3,000 during the year d. Accounts payable increased by $7,500 (this account is for purchase of merchandise only) e. Accounts receivable increased by $10,000 (net of allowance for doubtful accounts) f. Inventory decreased by S16,000 Required Prepare a schedule of operating c ash flows using the indirect method O Type here to search 3:05 PM E 11/19/2018