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Please show work Sales revenue Cost of goods sold Gross profit Operating expenses Income before income taxes Income taxes Net income $380,000 225,000 155,000 85,000
Please show work Sales revenue Cost of goods sold Gross profit Operating expenses Income before income taxes Income taxes Net income $380,000 225,000 155,000 85,000 70,000 42,000 Debit In addition, the following information related to net changes in working capital is presented: $12,000 Cash Accounts receivable Inventories Salaries payable (operating expenses) Accounts payable Income taxes payable 20,000 8,000 3,000 $19,400 14,000 The company also indicates that depreciation expense for the year was $16,700 and that the deferred tax liability account increased $2,600. Instructions Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method
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