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Help ASAP please!! Due in 32 minutes!! Thank you The following income statement along with additional year-end information about changes in noncash current assets and
Help ASAP please!! Due in 32 minutes!! Thank you The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $278.247 Depreciation expense 48,744 Rent expense 54.837 Amortization expense-Patents 6,093 Utilities expense 22,341 $2,031,000 995,190 1,035,810 410,262 625,548 Gain on sale of equipment Net income 124 $ 633.672 Additional Year-End Balance Sheet Data Accounts receivable $ 35,000 increase Inventory 20.675 increase Accounts payable 13,875 decrease Salaries payable 5,800 decrease Required: Prepare only the cash flows from operating activities section deducted should be indicated with a minus sign.) 10 ws using the indirect method. (Amounts to be Statement of Cash Flows (partial) Cash flows from operating activities 18 Adjustments to reconcile net income to net cash provided by operating activit Income statement items not affecting cash Changes in current operating assets and liabilities
Help ASAP please!! Due in 32 minutes!! Thank you
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