Suppose your company reports $215 of net income and $51 of cash dividends paid, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Total Salaries and Wages Payable Common Stock Retained Earnings Total Beginning $ 46 130 300 $ 476 Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Net Cash Flow from Operating Activities $ 21 155 300 $ 476 Ending $ 266 236 196 $ 698 $ 105 129 464 $ 698 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign.

Suppose your company reports $215 of net income and $51 of cash dividends paid, and its comparative balance sheet indicates the following Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign