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nces The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-end balance sheets. Year 2 $73,300 Account Title
nces The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-end balance sheets. Year 2 $73,300 Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable The Year 2 income statement is shown next. Sales Rent expense Income Statement Utilities expense Other operating expenses Net Income $277,000 (23,800) (36,200) (167,300) $49,700 Required A Required B 770 1,800 32,900 Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the indirect method. Year 1 $78,600 - 920 1,140 34,300 Complete this question by entering your answers in the tabs below. Direct Method Cash flow from operating activities 4 Prepare the operating activities section of the statement of cash flows using the direct method. (Cash outflows should be indicated with a minus sign.)
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