From the year ending December 31, 2022 Income Statement:
Revenue: $16,400
Cost of Goods Sold: $2,800
Depreciation Expense: $900
Wages Expense: $1,775
Net Income: $6,000
Cash $3,300
From the Balance Sheets, the following are changes between December 31, 2021 and
December 31, 2022.
(no change for any items not listed)
Accounts Receivable: from a balance of $2,400 to a balance of $3,100
Inventory: from a balance of $4,000 to a balance of $4,600
Accounts Payable: from a balance of $1,700 to a balance of $1,300
Based on the appropriate available information above, Prepare a Statement of Cash Flow
(Indirect Method), using the proper format. (i.e., headings and properly label all line items)