Instructions Swasey Company provided the following partial comparativo balance sheets and the income statement for 20x2. Swasey Company Partial Comparative Balance Sheets At December 31, 20X1 and 20X2 1 20X1 20X2 2 Current Assets 5 Accounts receivable 687,000.00 755,000.00 295,000.00 4 Inventories 315,000.00 5 Current abilities 6 Wages payable 705,000.00 690,000.00 Swasey Company Income Statement For the Year Ended December 31, 20x2 : Revenues 3,370,000.00 100,000.00 2 Gain on sale of equipment 5 Cost of goods sold (1,910,000.00) 4 Depreciation expense (260,000.00 (20,000.00) 5 Interest expense 5 Net Income $1,280,000.00 Statement of Cash Flows - Indirect Method Computo operating cash flows using the indirect method. (Note: Use a minus sign to indicato any decreases in cash or cash outflows. Asfer to the Amount Descriptions list provided for the exact wording of the answer choices for text antrios.) Swasey Company Statement of Cash Flow Year Ending December 31, 20x2 Net income 2 Add (deduct) adjusting items Decrease in accounts receivable Decrease in wages payable 5 Increase in inventories Depreciation expense 1 Gain on sale of equipment Net cash from operating activities