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provide answers in order as shown in the picture SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit
provide answers in order as shown in the picture
SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 213, 446 Depreciation expense 37,392 Rent expense 42, 066 Amortization expenses--Patents 4,674 Utilities expense 17, 138 $ 1,558,000 763,420 794,580 Gain on sale of equipment Net income 314,716 479, 864 6,232 $ 486,096 Accounts receivable $ 36,700 increase Accounts payable $ 12,375 decrease Inventory 28, 475 increase salaries payable 4,209 decrease Prepare the operating activities section of the statement of cash flows using the Indirect method (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) es Cash flows from operating activities 5 Adjustments to reconcile net income to net cash provided by operating actives Income statement items not affecting cash Changes in current operating assets and liabilities Next > Step by Step Solution
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