Suppose your company reports $255 of net income and $59 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 $ 54 170 340 $ 564 $ 29 195 340 $ 564 Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Net Cash Flow from Operating Activities Ending $ 294 264 224 $ 782 $ 145 101 536 $ 782 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign.

Suppose your company reports $255 of net income and $59 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. Note: Amounts to be deducted should be indicated with a minus sign