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Nanning Company reports net income of $ 9 5 , 2 0 0 . The accounting records reveal Depreciation Expense of $ 5 0 ,
Nanning Company reports net income of $ The accounting records reveal Depreciation Expense of $ as well as
increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $$ and $ respectively.
Required:
Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. Amounts to be
deducted and negative values should be indicated by a minus sign.
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