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Information from Pacific Company's income statement for the year ended December 3 1 , 2 0 2 3 is shown below. Additional information from Pacific
Information from Pacific Company's income statement for the year ended December is shown below. Additional information from Pacific Company's comparative balance sheet is also shown below.
Sales. $
Cost of Goods Sold
Gross Profit. $
Wages and Salaries Expense.
Depreciation Expense.
Other Operating Expenses.
Income from Operations. $
Gain on Sale of Equipment.
Income before Income Taxes $
Income Tax Expense.
Net Income. $
Additional information:
Increase in accounts receivable $
Decrease in merchandise inventory $
Decrease in prepaid insurance
Increase in accounts payable
Decrease in taxes payable
Increase in long term notes payable
Calculate pacific companys net cash provided by operating activities using the indirect method
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