Required information E12-4 Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO 12-2) (The following information applies to the questions displayed below) Suppose your company sells services of $330 in exchange for $210 cash and $120 on account. Depreciation of $140 relating to equipment also is recorded. E12-4 Part 1 Required: transaction/event, select "No Journal Entry 1. Prepare the journal entries to record Required" in the first account field) Journal entry worksheet Record the service revenue of $210 for cash and $120 on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet Record the depreciation expense of $140. Note: Enter debits before credits Transaction General Journal Debit Credit Homework Help Save & Exit Sut Check my wor I OLLUI. Lepe LIQUITI UISHU Suppose your company SE SEVILE U relating to equipment also is recorded. JUHEALTHY LUI DUI LOSTI HIU SILU E12-4 Part 2, 3 and 4 2. Calculate the amount that should be reported as net cash flow from operating activities, 3. Calculate the amount that should be reported as net income 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Calculate the amount that should be reported as net cash now from operating activities Required 3 > 12 E12-4 Part 2, 3 and 4 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requi Complete this question by entering your answers in the tabs below Required 2 Required 3 Required 4 Calculate the amount that should be reported as net income. Not Income Required information 3. LdiCuide e dilunc lidt should be reported as he income 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (re Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). (Amounts to be deducted should be indicated with a minus sign.) Net Income Depreciation Increase in Accounts Receivable Net Cash Flow from Operating Activities