Millipede Company provided the following balance sheet and income statement for the current year.

Prepare the operating activities section of the cash flow statement using the indirect method. Accrued expenses relate to Selling, General and Administrative Expenses.

P6-10 (similar to) Millipede Company provided the following balance sheet and income statement for the current year. (Click the icon to view the balance sheet.) (Click the icon to view the income statement.) Requirement Prepare the operating activities section of the cash flow statement using the indirect method. Accrued expenses relate to Selling. General and Administrative Expenses. (Use a minus sign or parentheses for any numbers to be subtracted. If a box is not used in the statement, leave the box empty: do not select a label or enter a zero.) Balance Sheet - X i Income Statement - X Milllipede Company Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities: Adjustments to Reconcile Net Income to Cash Flows from Operating Activities: Ending Beginning S 95.000 38.000 57,000 Changes in Current Assets and Liabilities Milllipede Company Income Statement For the Year Ended December 31 Sales Cost of Goods Sold Gross Profit Selling. General, and Administrative Expenses Depreciation Expense Total Operating Expenses Income Before Interest and Taxes 33,350 $ 5.400 3,700 42,450 $ $ 5,100 6,500 1,700 13,300 $ 11,000 6.200 17,200 $ Milllipede Company Balance Sheet At December 31 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets $ Noncurrent Assets Investments in Bonds $ Property. Plant, and Equipment-net Total Noncurrent Assets $ Total Assets $ Liabilities Current Liabilities Accounts Payable Accrued Expenses Income Taxes Payable Total Current Liabilities Noncurrent Liabilities 30,900 $ 53,300 84,200 $ 128,650 $ 5,900 61,000 65,900 80,200 Interest Expense Income Before Tax Income Tax Expense $ 39,800 (2.500) 37.300 (1.800) 35.500 Net Income Print Done 3,500 $ 6,600 1,400 4,000 4.750 800 11.500 9.550 Cash Collected from Customers Cash Paid for Income Taxes Cash Paid for Interest Cash Paid for Merchandise Cash Paid to Employees Cash Paid to Other Suppliers Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Accrued Expenses Decrease in Income Taxes Payable Decrease in Interest Payable Decrease in Merchandise Inventory Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Accrued Expenses Increase in Income Taxes Payable Increase in Interest Payable Increase in Merchandise Inventory Net Income Notes Payable 38,200 $ 38,200 $ 49,700 $ 33,000 33,000 42,550 $ Total Noncurrent Liabilities Total Liabilities Stockholders' Equity Common stock, $1 Par Value Additional Paid-in Capital Retained Earnings Total Stockholders' Equity 9,500 $ 17,800 49,650 76,950 $ 128,650 $ 8,500 15.000 14,150 37,650 80,200 $ Total Liabilities and Stockholders' Equity $ Print Done