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please use the boxes provided when answering the question! The income statement of Marigold Company is shown below. Additional information: 1. Accounts receivable decreased $330,000
please use the boxes provided when answering the question!
The income statement of Marigold Company is shown below. Additional information: 1. Accounts receivable decreased $330,000 during the year. 2. Prepald expenses Increased $160,000 during the year: 3. Accounts payable to suppliers of merchandise decreased $280.000 during the year. 4. Accrued expenses payable decreased $120,000 during the year. 5. Administrative expenses include depreciation expense of $60,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2025, for Marigold Compary using the indirect method. (Show amounts that decrease cash flow with either a-sign es. 15,000 or in parenthesis es. (15,000)) MARIGOLD COMPANY Partial Statement of Cash Flows Cash Flows from Operating Activities Net Income $1920000 Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense $ Net Cash Provided by Operating Activities $ Step by Step Solution
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