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Figure 17.38 Jamison Company Income Statement as of 12/31/X5 Jamison Company Income Statement As of 12/31/X6 Revenue Cost of Goods Sold Gross Profit Depreciation Expense

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Figure 17.38 Jamison Company Income Statement as of 12/31/X5 Jamison Company Income Statement As of 12/31/X6 Revenue Cost of Goods Sold Gross Profit Depreciation Expense Other Expenses Earnings Before Tax Tax Expense Net Income $76,450 (40,740) 35,710 (8,240) (19,000) 8,470 (2,076) $6,394 Figure 17.39 Selected Balance Sheet Accounts from the Beginning and End of 20X6 Accounts Receivable Inventory Prepaid Expenses Accounts Payable Salaries Payable Taxes Payable 1/1/X6 $32,590 23,100 13,970 39,870 22,030 12,490 12/31/X6 $34,090 35,020 11,340 44,960 17,440 11,230 Determine Jamison's cash flow from operations using both the direct and indirect

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