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Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the
Salud Company reports the following information. Use the indirect method to prepare only 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.) Selected Annual Income Statement Data Selected Year-End Balance Sheet Data $490,000 Accounts receivable increase $45,200 13,800 6,400 3,300 Net income Depreciation expense Gain on sale of machinery 500 Prepaid expenses decrease 24,200 Accounts payable increase Wages payable decrease Cash flows from operating activities Net income Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Depreciation Gain on sale of machinery Changes in current operating assets and liabilities Accounts receivable increase Prepaid expense decrease Wages payable decrease 0
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