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Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated
Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
The two independent cases are listed below: Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue $11,700 12,500 $21,700 21.500 9.200 12,630 1 Cost of Goods 6,630 Sold 5,070 Gross Profit 3,300 9,070 8,040 Depreciation 1,100 1,100 1,850 1,850 Expense 1,800 Salaries and 300 5,700 5,700 Wages Expense 2,170 900 1,520 490 Net Income Accounts 335 470 820 635 Receivable Inventory 785 570 765 870 Accounts 870 735 870 955 Payable 1,035 Salaries and 1,270 235 320 Wages Payable Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted 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 Depreciation Expense Changes in Assets and Liabilities 0 0
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