Hello Experts,

I need help with my accounting HW.

Thank You !!!

Presented below is the income statement of Dakota, Inc $480,000 Sales revenue 225.000 Cost of goods sold $255,000 Gross profit 105.000 Operating expenses 150,000 Income before income taxes Income taxes 51.000 Net income S 000 In addition, the following information related to net changes in working capital is presented Credit Debit $12,000 Cash 20,000 Accounts receivable $19,400 Inventories 8,000 Salaries payable (operating expenses) 14,000 Accounts payable 3,000 Income taxes payable 2,600 Deferred tax liability The company also indicates that depreciation expense for the year was $16,700 Instructions Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows (a) using the indirect method (b) using the direct method