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The following income statement and additional year-end information is provided The following income statement and additional year-end information is provided. SOKAD COMPANY S', 192 64,341

image text in transcribed The following income statement and additional year-end information is provided

The following income statement and additional year-end information is provided. SOKAD COMPANY S', 192 64,341 26,213 481,366 733,964 743,496 Cost of goods Operating saluies Rent expen Utilities e of Net r Ended S 45,800 inc 19,650 31 $ 326,431 7,149 9,532 payable s payable $ 10,800 decrease S, 3SO decr 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. Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income Statement items not affecting cash Changes in current operating as-sets and liabilities

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