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Instructions The income statement tor Piura Merchandising Corporation is as follows: Amount Descriptions Refer to the list below for the exact wording of an amount

image text in transcribed Instructions The income statement tor Piura Merchandising Corporation is as follows: Amount Descriptions Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows Other intormation is as follows: A. Accounts payable decreased by $19,500 during the year. B. Accounts recelvable increased by $19,000. C. All wages were paid at the beginning of the year; at the end of the year, wages payable had a balance of $9,500. Prepaid insurance increased by $22,000 during the year. Prepare a schedule that provides the operating cash flows for the year using the indirect method. Operating Cash Flows - Indirect Method Prepare a schedule that provides the operating cash flows for the year using the indirect method. (Note: Use a minus sign to indicate any decreases in cash or cash outflows. Reter to the Amount Descriptions Mst provided for the exact wording of the answer choices for text entries.)

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