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Meru Fruitvale Company prepared the following income statement for 2018: Sales Cost of goods sold Gross profit Operating expenses: $242 67 Salaries expense Depreciation expense

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Meru Fruitvale Company prepared the following income statement for 2018: Sales Cost of goods sold Gross profit Operating expenses: $242 67 Salaries expense Depreciation expense Rent expense $12 14 Operating income Loss on sale of land Net income 36 s 32 Also, the company's December 31 balance sheet revealed the following 2018 2017 Accounts payable $24 15 Accounts receivable 33 14 78 60 27 20 Wages payable7 The net increase (decrease) in cash from operating activities for 2018 was: MacBook Air 5-11 4 5

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