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Return to question 3 Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: $ 52,000
Return to question 3 Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: $ 52,000 1 points Income Statement for Current Year Service revenue Expenses Salaries Depreciation Amortization of copyrights Other expenses Net loss $ 42,900 8,300 310 10,300 61,810 (9,810) Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities Current Prior Year Year $ 8,900 $ 15,900 13,400 2,000 2,200 6,500 In addition, Rodriguez bought a small service machine for $5,100. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the direct method. Assume that other accrued liabilities relate to other expenses on the income statement. (List cash outflows as negative amounts.) Answer is not complete. RODRIGUEZ COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Cash collected from customers Cash payments for other expenses Cash payments to employees Cash payments for other expenses 7,000 X (11,400) X (3,990) X X Net cash used in operating activities X $ (8,390)
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