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Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below Selected Balance Sheet Accounts Prior Year Current
Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below Selected Balance Sheet Accounts Prior Year Current Year $24,800 34,000 2,400 19,400 4,800 17,000 37,400 Accounts Receivable Inventories Prepaid Rent Accounts Payable Salaries and Wages Payable 25,200 7,200 Income Statement Sales Revenue Expenses: $510,000 292,000 34,000 51,000 20,400 20,400 18,700 17,000 56,500 Cost ofGoods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.) Pioneer Industries Cash Flows from Operating Activities Adjustments to reconcile net income to net cash provided by operating activities Changes in current assets and current liabilities
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