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Saved Help Save & Ci Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year
Saved Help Save & Ci Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2018 ( in 000s) $1,920 768 1.152 Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of cash equivalents16 Income before taxes $340 230 30 80 16696 456 228 Income tax expense $ 228 Net Income CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 (s in 000s) Year 2018 2017 Change $120 262 Cash $123 251470 Accounts receivable Inventory Accounts payable Salaries payable Interest payable Income taxes payable (10) 16 460 190 174 106 40 95 15 45 30 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the Prev13 of 15
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