Suppose your company reports $220 of net income and $52 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 $ 47 135 305 $ 487 $ 22 160 305 $ 487 Ending $ 267 237 197 $ 701 $ 110 118 473 $ 701 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.)

Suppose your company reports $220 of net income and $52 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. (Amounts to be deducted should be indicated with a minus sign.)