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TERI 26) Budget Auto Parts Company uses the indirect method to prepare the the following income statement Budget Company Income Statement Year Ended December 31,

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TERI 26) Budget Auto Parts Company uses the indirect method to prepare the the following income statement Budget Company Income Statement Year Ended December 31, 2017 Sales Revenue 360,000 Interest Revenue 1,500 6.000 Gain on Sale of Plant Assets Total Revenues and Gains 367,500 Cost of Goods Sold Salary Expense Depreciation Expense Other Operating Expenses Interest Expense Income Tax Expense Total Expenses Net Income (Loss) 165,000 67,500 18,000 34,500 1,500 2.500 294.000 Additional information provided by the company includes the following Current assets other than cash increase by $36,000 Current liabilities decrease by $1,500. Prepare the operating activities section of the staterment of cash flows Answer: CASH FLOuw Faom open Acit

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