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Instructions Compute Cash Provided by Operating Activities Prepare a partial statement of cash flows reporting cash provided by operating activities for the year ended December

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Instructions Compute Cash Provided by Operating Activities Prepare a partial statement of cash flows reporting cash provided by operating activities for the year ended December 31, 20-2. Use a minus to indicate any decreases in cash or cash outflows Zowine Company's condensed income statement for the year ended Dcember 31, 20-2, was as follows: Net sales Cost of goods sold 555,000 Gross profit Operating expenses 27,700 Income before taxes $177,300 Income tax expense 62,055 Net income Additional information obtained from Zowine's comparative balance sheets as of December 31, 20-2 and 20-1, was as follows: $760,000 $205,000 $115,245 20-2 20-1

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