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Statement of CashlowIndirect Method Operating activities Net income $10,200 Depreciation expense 3,750 Accounts receivable 1,100 Inventory (2,050 ) Accounts payable 1,000 Cash flow from operations
Statement of CashlowIndirect Method |
Operating activities | ||
Net income | $10,200 | |
Depreciation expense | 3,750 | |
Accounts receivable | 1,100 | |
Inventory | (2,050 | ) |
Accounts payable | 1,000 | |
Cash flow from operations | $14,000 |
Income Statement |
Sales | $99,000 | |
Cost of goods sold | 55,500 | |
Depreciation expense | 3,750 | |
Other operating expenses | 22,800 | |
Income taxes expense | 6,750 | |
Net income | $10,200 |
How much cash was paid for inventory in the operating activities section of the statement of cash flow using the direct method?
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