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Sales Revenue Case A Case B Year 2 Year 1 Year 2 Year 1 $ 11,000 $9,000 $ 21,000 $ 18,000 6,000 5,500 12,000 11,000
Sales Revenue Case A Case B Year 2 Year 1 Year 2 Year 1 $ 11,000 $9,000 $ 21,000 $ 18,000 6,000 5,500 12,000 11,000 Cost of Goods Sold 5,000 1,000 2,500 Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable 1,500 300 750 800 1,000 3,500 9.000 1,000 1,500 2,000 5,000 500 2,500 400 750 500 730 700 800 1,200 200 7,000 1,500 5,000 500 600 800 850 250 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities $ 0 $ 0
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