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Exercise 12-6 Indirect: Cash flow from operations LO P2 Salud Company reports the following information. Use the indirect method to prepare only the operating activities
Exercise 12-6 Indirect: Cash flow from operations LO P2 Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2017 (Amounts to be deducted should be indicated with a minus sign.) Selected Year-End 2017 Balance Sheet Data Net income$485,000 Accounts receivable increase $51,200 17,700 7,800 2,700 Selected 2017 Income Statement Data Depreciation expense Gain on sale of machinery 82,000 Prepaid expenses decrease 22,700 Accounts payable increase Wages payable decrease Cash flows from operating activities Adjustments to reconcile net income to operating cash flow
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