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Jetson Telescopes Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Jetson Telescopes Company Income Statement
Jetson Telescopes Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Jetson Telescopes Company Income Statement Year Ended December 31, 2019 $275,000 2,600 $277,600 Sales Revenue Interest Revenue Total Revenues Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Loss on Sale of Plant Assets Total Expenses and Losses Net Loss 135,000 66,500 32,000 35,900 2,400 6,500 2,000 280,300 ($2,700) Additional information provided by the company includes the following: Current assets other than cash decreased by $25,000. Current liabilities increased by $3,000. Prepare the operating activities section of the statement of cash flows
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