Intermediate Accounting

The following schedule relates the income statement with cash ows from operating activities, derived by both the direct and indirect methods. Some elements necessary to complete the schedule are missing. Required: Complete the schedule by determining each of the following missing elements: (Amounts to be deducted should be indicated with a minus sign.) Sales $ 410 Decrease in accounts receivable Gain on sale of equipment 34 Gain on sale of equipment Costofsoodssold _ Salaries expense (62) 16 Cash paid to employees Depreciation expense (19) Depreciation expense Cash paid for depreciation Interest expense I [Decrease in bond discount Cash paid for interest Insurance expense (41) Decrease in prepaid insurance Cash paid for insurance Loss on sale of land (16) Loss on sale of land 16 (Not reportedno cash effect) Income tax expense (47) Increase in income tax payable - Cash paid for income taxes Net Income $ 259 Net cash flows from operating actlvlties $ 124 Net cash ows from operating actlvltles $