Suppose your company reports $230 of net income and $54 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 $ 49 145 315 $ 509 $24 170 315 $ 509 Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities Ending $ 279 249 209 $737 $ 120 126 491 $ 737 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 $230 of net income and $54 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.)