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Exercise 12-4 (Algo) Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided. Accounts receivable Inventory $25,600

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Exercise 12-4 (Algo) Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided. Accounts receivable Inventory $25,600 increase Accounts payable 39,000 increase Salaries payable $15,325 decrease 5,500 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign

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