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Exercise 14-2A (Algo) Use the Indirect method to determine cash flows from operating actlvitles LO 14-1 Vernon incorporated presents its statement of cash flows using

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Exercise 14-2A (Algo) Use the Indirect method to determine cash flows from operating actlvitles LO 14-1 Vernon incorporated presents its statement of cash flows using the ingirea method. The following accounts and corresponding bolances were drawn from the company's Year 2 and Year 1 year end balance sheets The Year 2 income statement showed net income of $27,900. Required Prepare the operating activities section of the statement of cash flows. Note: Amounts to be deducted should be indicated with minus sign

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