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Portions of the financial statements for Security Solutions are provided below. Security Solutions Income Statement For the Year Ended December 31, 2021 Revenues $960,000 Expenses:
Portions of the financial statements for Security Solutions are provided below. Security Solutions Income Statement For the Year Ended December 31, 2021 Revenues $960,000 Expenses: Cost of goods sold Operating expenses $650,000 210,000 Depreciation expense 25,000 Income tax expense 20,000 Total expenses 905.000 Net Income $55,000 Security Solutions Selected Balance Sheet Data December 31, 2021 Increase in accounts receivable 5,000 Decrease in inventory 10,000 4,000 6,000 Increase in prepaid rent Decrease in salaries payable Increase in accounts payable Decrease in income tax payable 8,000 3,000 Required: Prepare the operating activities section of the statement of cash flows for Security Solutions using the indirect method
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