Remaining Time: 1 hour, 52 minutes, 03 seconds. Question Completion Status: Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement For Year Ended December 31, 2019 Balance Sales 90,000 cost of goods sold December 31, 2019 December 31, 2018 52.000 Gross profit from sales 38,000 Accounts receivable 13.800 12.000 Operating expenses Salaries expense 12.500 Merchandise inventory 11.150 10.000 Depreciation expense 3.500 Rent expense 3,600 Interest expense Prepaid rent 275 200 950 20.550 income from operations Loss on sale of land Net income 17,450 1.250 Accounts payale 13.550 13,000 15.200 Salaries payable 5.200 4500 Interest payable 150 125 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)