Question Completion Status: QUESTION 6 Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement Sales Cost of goods sold Gross profit from sales Operating expenses: For Year Ended December 31, 2019 90,000 52,000 Accounts receivable 38,000 Merchandise inventory Salaries expense 12,500 Depreciation expense 3,500 Rent expense Interest expense Income from operations Loss on sale of land Net income 3,600 Prepaid rent 950 20,550 17,450 1.750 Accounts payale 15,700 Salaries payable For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial Interest payable 14px EA Click Save and Submit to save and submit. Click Save All Answers to save all answers. 7 Balance 10 points Save Answer December 31, 2019 December 31, 2018 13,800 12,000 11,150 10,000 275 200 13,550 13,000 5,200 4,500 150 125 IX QE www Save All Answers Close Window Save and Submit