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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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