gin-Search x Wiley PLUS-2200 Summer 2023 X WP NWP Assessment Builder Ul App X WP Question 3 of 9-cH 22 HMK % + ://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=5f00f1d5-f4d9-4caa-b106-d6ef399ce5f4#/question/2 Question 3 of 9 < > View Policies Current Attempt in Progress Teal Corporation had the following 2025 income statement. Sales revenue $187,000 Cost of goods sold 111,000 Gross profit 76,000 Operating expenses (includes depreciation of $20,000) 54,000 Net income $22,000 -/1 E E The following accounts increased during 2025: Accounts Receivable $14,000, Inventory $12,000, and Accounts Payable $14,000. Prepare the cash flows from operating activities section of Teal's 2025 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) TEAL CORPORATION Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities $ Depreciation Expense 12 Increase in Accounts Payable AX EA Search L a M AV DII FS 47 F4 F3 F2 #3 $ % 5 W E R T S F G H 27 PrtScn Home End FB F9 PgUp F10 FL J * 00 8 X C V B N M Alt K L P Alt