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Reming Corporation had available at the end of 2020 the following information. Reming Corporation Selected Account Balances December 31, 2020 and 2019 12/31/20 12/31/19 Cash
Reming Corporation had available at the end of 2020 the following information. Reming Corporation Selected Account Balances December 31, 2020 and 2019 12/31/20 12/31/19 Cash $ 135,000 $ 155,000 Accounts receivable 520.000 470,000 Inventory 1.400,000 $1,520,000 Prepaid insurance 24.000 37.000 Supplies 48,000 24,000 FS investments 145,000 100,000 For the Year Ended December 31, 2020 Sales $ 2.500,000 COGS (1.100,000) Gross Profit $ 1.400.000 (256,000) Selling and admin expense Depreciation expense (175,000) Salaries and wages expense (378,000) Total Operating Expense (809,000) Operating Income $ 591,000 Gain on sale of investments 19,000 Interest expense (54.000) (35.000) ncome before taxes $ 556.000 Huhuut Cho Thun 1 mmHana to chuc nangag Prepare the operating section of the statement of cash flows using the indirect method. Use for negative numbers. If a line item is not applicable please put N.A. in the relevant cell. Please do not leave any cells blank. Operating Cash Flows Adjustments: Depreciation Expense Gain on Investments Accounts Receivable Inventory Prepaid Insurance Supplies Inventory Prepaid Insurance Supplies AFS Investments Accounts Payable Accrued Payable Interest Salaries and Wages Income Taxes
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