structions Swasey Company Partial Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 2 Current Assets 3 Accounts receivable 745,000.00 295,000.00 677,000.00 315,000.00 4 Inventories Current liabilities Wages payable 705,000.00 680,000.00 Instructions Income Statement For the Year Ended December 31, 20X2 Revenues 3,410,000.00 2 Gain on sale of equipment Cost of goods sold Depreciation expense 100,000.00 (1,910,000.00) (260,000.00) (10,000.00) $1,330,000.00 Interest expense Net income Required: Compute operating cash flows using the indirect method. Instructions Statement of Cash Flows - Indirect Method Compute operating cash flows using the indirect method. (Note: Use a minus sign to indicate any decreases in cash or cash outflows. Refer to the Amount Descriptions ist provided for the exact wording of the answer choices for text entries.) Swasey Company Statement of Cash Flows Year Ending December 31, 20X2 2 Add (deduct) adjusting items: Instructions Statement of Cash Flows - Indirect Method Swasey Company Statement of Cash Flows Year Ending December 31, 20X2 2 Add (deduct) adjusting items