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Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable. Inventory Accounts Payable Salaries and Wages

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

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