practice 2

Selected Annual Income Statement Data Net Income $374.ee Depreciation expense 44.000 Amortization expense 7,200 Gain on sale of plant assets Selected Year-End Salance Sheet Data Accounts receivable decrease $17,100 Inventory decrease Prepaid expenses increase 4,700 Accounts payable decrease Salaries payable Increase 1,200 6,000 ts eBook 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.) Hint Statement of Cash Flows (partial) Print Cash flows from operating activities erences Adjustments to reconcilo net income to not cash provided by operating activitat