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JUST IN CASE TECHNOLOGIES Income Statement For the Year Ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income
JUST IN CASE TECHNOLOGIES Income Statement For the Year Ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income JUST IN CASE TECHNOLOGIES Selected Balance Sheet Data December 31, 2024, compared to December 31, 2023 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable $235,000 70,000 17,000 27,000 JUST IN CA $405,000 LOGIrr 349,000 $ 56,000 $ Required: Prepare the operating activities section of the statement of cash flows for Just In Case Technologies using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 7,000 14,000 10,000 6,000 9,000 24,000
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