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Pettygrove Inc. reported the following data: Net income $405,000 Depreciation expense 45,000 Gain on disposal of equipment 36,900 Decrease in accounts receivable 25,200 Decrease in
Pettygrove Inc. reported the following data:
Net income $405,000
Depreciation expense 45,000
Gain on disposal of equipment 36,900
Decrease in accounts receivable 25,200
Decrease in accounts payable 6,480
Prepare the Cash Flows from Operating Activities section of the statement of cash flows,
using the indirect method.
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