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Please help me (13-4B) rivities P1 3-33 The income statement of Asquith Company SA is presented below. 1. Additional information: 1. Accounts receivable decreased 230,000

Please help me (13-4B)

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rivities P1 3-33 The income statement of Asquith Company SA is presented below. 1. Additional information: 1. Accounts receivable decreased 230,000 during the year, and inventory increased 120,000. 2. Prepaid expenses increased 125,000 during the year. 3. Accounts payable to merchandise suppliers increased 50,000 during the year. 4. Accrued expenses payable increased 155,000 during the year. ASQUITH CONIPANY SA Income Statement For the Year Ended December 31, 2017 Service revenue 5,250,000 Cost of goods sold Beginning inventory 1,780,000 Purchases 3,430,000 Goods available for sale 5,210,000 Ending inventory 1,900,000 Total cost of goods sold 3,310,000 Gross prot 1,940,000 Operating expenses Depreciation expense 95,000 Amortization expense 20,000 Other expenses 945,000 1,060,000 Net income 880,000 Instructions 5 Prepare the operating activities section of the statement of cash ows for the year ended December 31, 2017, for Asquith Company, using the indirect method. riviries *P1 3-43 Data for Asquith Company SA are presented in P13-3B. Instructions 5 Prepare the operating activities section of the statement of cash ows using the direct method

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