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please answer these questions! Question 3 Gutierrez Company reported net income of $196,600 for 2017. Gutierrez also reported depreciation expense of 93,700 and a loss
please answer these questions!
Question 3 Gutierrez Company reported net income of $196,600 for 2017. Gutierrez also reported depreciation expense of 93,700 and a loss of $4,900 on disposal of equipment. The comparative balance sheet shows an decrease in accounts receivable of $11,600 for the year a $13,600 increase in accounts payable, and a $3,000 decrease in prepaid expenses Prepare the operating activities section of the statement of cash flows for 2017. Use the Indirect method. (Show amounts that decrease show with the wong -15,000 or in parenthesse.. (15.000).) GUTIERREZ COMPANY Partial Statement of Cash Flows $ Adjustments to reconcile net income to Step by Step Solution
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