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Salud Company reports the following information. Selected Annual Income Statement Data Selected YearEnd Balance Sheet Data Net income 5 466,666 Accounts receivable increase 5 46,666
Salud Company reports the following information. Selected Annual Income Statement Data Selected YearEnd Balance Sheet Data Net income 5 466,666 Accounts receivable increase 5 46,666 Depreciation expense 86,666 Prepaid expenses decrease 12,666 Gain on sale of machinery 26,666 Accounts payable increase 6,666 L-iages payable decrease 2,666 Use the indirect methodto prepare the operating activities section of its statement of cash flows for the year ended December 31. [Amounts to be deducted should be indicated with a minus sign} Cash ows from operating activities _ Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities _
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