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ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 17-04 Gutierrez Company reported net income of $193,400 for 2020. Gutierrez also reported depreciation expense of
ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 17-04 Gutierrez Company reported net income of $193,400 for 2020. Gutierrez also reported depreciation expense of $45,600 and a loss of $6,000 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $11,000 for the year, a $13,000 increase in accounts payable, and a $5,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash flow with ether a-sign e.g.-15,000 or in parenthesis e.g. (15, 000). GUTIERREZ COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to GUTIERREZ COMPANY Partial Statement of Cash Flows Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work
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