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Exercise 12-4 Indirect: Cash flows from operating activities LO P2 The following income statement and information about changes in noncash current assets and cu incone
Exercise 12-4 Indirect: Cash flows from operating activities LO P2 The following income statement and information about changes in noncash current assets and cu incone Statement Sales 51, 966,00e Cost of goods sold Gross profit Operating expenses salaries expense Depreciation expense $269,342 47,184 53,882 5,89# tent expense utilities expense Gain on sale of equipment set incone 23,62 197,132 Changes in current asset and current sability accounts for the year thest relate to operations follow $15,975 decrease 13,se0 increase Salaries payable Required Prepare only the cash flows from operating activities section of the statement of cash tows using the deducted should be Indlceted with e minus sign Canih fows from Type here to search
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