E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-5) Suppose your company reports $250 of net income and $58 of cash dividends paid, and its comparative balance sheet indicates the following eginning 553 165 Accounts Receivable Inventory Total Salaries and wages Payable Coco Stock Retained tarnings Total Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash Accounts Receivable Inventory Total Salaries and Wages Payable Common Stock Retained Earnings Total Beginning $ 53 165 335 $553 Ending $293 263 223 $779 $140 527 5279 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be be indicated with a minus sign.) * Answer is complete but not entirely correct. 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Am be indicated with a minus sign.) Answer is complete but not entirely correct. Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities 250 (98) 112 112 58 434