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QUESTION 1 Income Statement Selected Balance Sheet Accounts 2018 2018 2017 Sales revenue 8,550 Accounts receivable 400 321 Cost of sales 2,366 1,200 1,188 156

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QUESTION 1 Income Statement Selected Balance Sheet Accounts 2018 2018 2017 Sales revenue 8,550 Accounts receivable 400 321 Cost of sales 2,366 1,200 1,188 156 834 6,184 995 371 396 Gross profit Depreciation expense Rent expense Salaries expense 450 Inventory Accounts payable Salaries payable Rent payable Interest payable Long-term debt Common stock equity 500 0 1,244 0 47 Interest expense 125 580 560 Net Income 3,370 3,300 2,500 Prepare the operating section of the statement of cash flows using the indirect method: Attach File Browse My Computer Browse Content Collection Browse Dropbox

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