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Suppose your company reports $250 of net income and $58 of cash dividends paid, and its comparative balance sheet indicates the following Beginning Ending Cash

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Suppose your company reports $250 of net income and $58 of cash dividends paid, and its comparative balance sheet indicates the following Beginning Ending Cash Accounts Receivable Inventory $ 53 $ 293 165 263 335 223 Total $ 553 S 779 Common Stock Retained Earnings Salaries and Wages Payable $ 28 140 190 112 335 527 Total S 553 S 779 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

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