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M12-5 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] 4 The two independent cases are listed below Case A Case B Year 2

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M12-5 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] 4 The two independent cases are listed below Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense liet Incone Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable $10,400 $6,608 $20,400 $15,880 5,460 3, 100 11,460 8,770 4,940 2,900 8,940 6,230 1.5 points 1,100 1,10 1,280 1,280 1,900 1,400 4,480 4,400 1,940 4003,340 630 570 720 440 780 740 910 970 1,140 348 418 20 340 690 eBook 740 670 860 Show the operating activities section of the statement of cash flows tor year 2 using the indirect method (Amounts to be deducted should be indicated with a minus sign.) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activites Changes in Assets and Liabilities

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