Prepare the operating activities section of the statement of cash flows using the indirect method. Enter

reductions to net cash provided by operating activities as negative values. Inventory

No$.$ Date Debit Credit Balance

June $3090,000$

$2$ June $3025,00065,000$

Prepaid expenses

No$.$ Date Debit Credit Balance

June $306,200$

$4$ June $301,2005,000$

Equipment

No$.$ Date Debit Credit Balance

June $30139,000$

$5$ June $3055,00084,000$

$8$ June $3066,000150,000$

Accumulated depreciation $-$ Equipment

No$.$ Date Debit Credit Balance

June $3013,000$

$3$ June $3067,00080,000$

$5$ June $3041,00039,000$

Accounts payable

No$.$ Date Debit Credit Balance

June $3034,000$

$2$ June $306,00028,000$

Wages payable

No$.$ Date Debit Credit Balance

June $3018,000$

$4$ June $3011,0007,000$

Income taxes payable

No$.$ Date Debit Credit Balance

June $305,400$

$6$ June $305004,900$

Notes payable $($long$-$term$)$

No$.$ Date Debit Credit Balance

June $3070,000$

$7$ June $3035,00035,000$

Common stock, $$5$ par value

No$.$ Date Debit Credit Balance

$8$ June $30180,000$

$9$ June $3070,000250,000$

Retained earnings

No Date Debit Credit Balance

June $3033,000$

$12$ June $30115,950148,950$

$13$ June $30103,45045,500$

Sales

No $.$ Date Debit Credit Balance

June $300$

$11$ June $30787,000787,000$

$10$ June $30787,0000$

Cost of goods sold

No$.$ Date Debit Credit Balance

June $300$

$2$ June $30481,000481,000$

$11$ June $30481,0000$

Depreciation expense

No$.$ Date Debit Credit Balance

June