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Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts

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Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Total Beginning $ 43 Ending 115 $ 243 213 285 173 $ 443 $ 629 Salaries and Wages Payable $ 18 $ 90 Common Stock Retained Earnings Total 140 285 102 437 $ 443 $ 629 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities

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