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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

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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 3509 $ 24 170 315 5909 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.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Not Cash Flow from Operating Activities

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