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Suppose your company reports $205 of net income and $49 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts
Suppose your company reports $205 of net income and $49 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Total Beginning $ 44 Ending. $ 254 120 224 290 $ 454 Salaries and Wages Payable Common Stock Retained Earnings Total $ 19 145 290 $454 184 $ 662 $ 95 121 446 $ 662 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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