Suppose your company reports $240 of net income and $56 of cash dividends paid, and its comparative balance sheet indicates the following.

Beginning

Ending

Cash

$

51

$

281

Accounts Receivable

155

251

Inventory

325

211

Total

$

531

$

743

Salaries and Wages Payable

$

26

$

130

Common Stock

180

104

Retained Earnings

325

509

Total

$

531

$

743

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