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Sales Cost of Goods Sold Gross Profit Various operating expenses Depreciation expense Interest expense Net Income before tax Income Tax Net Income Sregor Company Income
Sales Cost of Goods Sold Gross Profit Various operating expenses Depreciation expense Interest expense Net Income before tax Income Tax Net Income Sregor Company Income Statement $100,000 40,000 60,000 25,000 4,000 2,000 29,000 4,000 25,000 Accounts receivable decreased by $7,000 Inventory increased by $4,000 Prepaid Insurance increased by $3,000 Accounts Payable increased by $6,000 Interest Payable decreased by $1,000 Income Tax Payable decreased by $2,000 Dividends Payable increased by $3,000 Prepare the Cash Flow from Operations section of the Statement of Cash Flows
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