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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
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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