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Nanning Company reports net income of $95,200. The accounting records reveal Depreciation Expense of $50,100 as well as increases in Prepaid Rent, Accounts Payable, and
Nanning Company reports net income of $95,200. The accounting records reveal Depreciation Expense of $50,100 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,500, $24,100, and $20,100, respectively. Required: Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (
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