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Suppose your company's income statement reports $105 of net income, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Beginning $ 35
Suppose your company's income statement reports $105 of net income, and its comparative balance sheet indicates the following. Cash Accounts Receivable Inventory Beginning $ 35 75 260 Ending $205 175 135 Total $370 $515 Wages Payable Retained Earnings $ 10 360 $ 50 465 Total $370 $515 Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. Cash flows from operating activities Net cash flow from operating activities
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