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PLEASE HELP ASAP Salud Company reports the following information Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 465,000 Accounts receivable
PLEASE HELP ASAP
Salud Company reports the following information Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 465,000 Accounts receivable increase 541,200 Depreciation expense 83,000 Prepaid expenses decrease 16,200 Gain on sale of machinery 22,400 Accounts payable increase 7,200 Wages payable decrease 2,800 Use the Indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Step by Step Solution
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