Question
Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Baxa Company
Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Baxa Company prepared its income statement for Year 2022: Sales Revenue 840,000 (620,000) (21,000) Salary Expense Insurance Expense Depreciation Expense Gain on Sale of Equipment Net Income Other information: (81,000) 12,000 130,000 Accounts receivable went down during the year by $4,000. Salary payable went down during the year by $2,000. Prepaid Insurance went down during the year by $7,000. Required: Prepare the cash flows from operating activities for the statement of cash flows using the indirect method. Your answers to this open-ended assignment should be placed in the space below this line. Baxa Company Operating Activities Section of Statement of Cash Flows Year Ended Dec. 31, 2022 Net Income 130,000
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