Lesson 7 HW (Graded) i Swed Help Save & Exit Check N 2 Annual Income statement Data Sales Expenses Coat of goods sold Wages expense Amortization expense Net Income 5 points Selected Year-End Balance Sheet Data $ 57,000 Mages payable decrease Inventory increase 34,000 Accounts payable decrease 12,700 2,300 $ 8,000 $ 3.300 SEO 1,000 BOOK Prepare the operating activities section of the statement of cash flows for Green Garden using the indirect method (Amounts to be deducted should be indicated with a minus sign.) PA References Statement of Cash Flows partial Cash flows from operating activities. Indirect method Net income Adjustments to reconcio not come to net cash provided by operating activities Income statement items not affecting cash Amortization expense $ 3,000 2,300 Changes in current operating assets and abilities Accounts payable increase Inventory increase Accounts payable decrease Net cash provided by operating activities $ 10,300