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Suppose your company reports $210 of net income and $50 of cash dividends paid, and its comparative balance sheet indicates the following Cash Accounts Receivable
Suppose your company reports $210 of net income and $50 of cash dividends paid, and its comparative balance sheet indicates the following Cash Accounts Receivable Inventory Beginning Ending $ 45 125 $255 225 185 295 Total $465 $665 Salaries and Wages Payable Common Stock Retained Earnings $ 20 150 295 $100 110 455 Total $465 $665 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities$
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