Hello,

The attachment is a copy of a question that I need assistance with.

Thanks,

WillieMae

The income Statement and other selected data for Pat Gibson Company is shown below Pat Gibson Company Accrual Basis Income Statement For the Year ended December 31, 2012 Net Sales Expenses: Cost of Goods Sold Selling and Administrative Expense Total expenses Income before Income taxes Income taxes Net Income 900,000 550,000 133,000 683,000 217,000 65,400 151,600 Other data: A) Cost of goods sold include depreciation expense of $20,000 B) Selling and administrative expense includes goodwill amortization of $10,000 C) Decrease in deferred income taxes (a liability account) $5,000 D) Increase in accounts receivable, $20,000 E) Increase in accounts payable, $10,000 F) Increase in inventories, $30,000 G) Decrease in income taxes payable $ 20,000 Prepare the cash flows from operating activity using the indirect approach