E connect ACCOUNTING Chapter 12 (PART II) - CP12-2 Question 1 (of value 2.00 points The income statement and selected balance sheet information for Hamburger Heaven for the year ended December 31, 2015, are presented below Sales Revenue 2,060 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Ublities Expense 900 200 500 250 80 60 50 Net Income $ 20 Selected Balance Sheet Aocounts Accounts Receivable Accounts Payable Salaries and Wages Payable Utilities Payable Prepaid Rent Prepaid Insurance 2015 2014 S 82 S 60 380 450 200 210 20 60 10 29 20 2 14 TIP: Prepaid Rent decreased in 2015 because the amount taken out of Prepaid Rent (and subtracted from net incomo as Rent Exponse) was more than the amount paid for rent in cash during 2015. Prepare the cash flows from operating activites section of the 2015 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)