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The following information pertains to Satellite Company: Income Statement for 2012 Sales $ 85,500 Expenses Cost of goods sold $ 51,675 Depreciation expense 6,600 Salaries

The following information pertains to Satellite Company:

Income Statement for 2012
Sales $ 85,500
Expenses
Cost of goods sold $ 51,675
Depreciation expense 6,600
Salaries expense 11,400 69,675
Net income $ 15,825

Partial Balance Sheet 2012 2011
Accounts receivable $ 10,300 $ 12,700
Inventory 12,200 8,700
Salaries payable 1,610 990
Required:

Present the operating activities section of the statement of cash flows for Satellite Company using the indirect method.(Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)

Statement of Cash Flows
(Click to select)Net incomeNet loss $
(Click to select)Sale of equipmentDecrease in accounts payableAccounts receivableDeferred revenueDepreciation expense
(Click to select)Accounts receivable decreaseDecrease in taxes payableAccounts receivable increaseAccumulated depreciationIncrease in prepaid expense
(Click to select)Decrease in prepaid expenseIncrease in taxes payableInventory decreaseIncrease in accounts payableInventory increase
(Click to select)Salaries payable increaseSalaries payable decreaseSale of marketable securitiesPayment of dividendsDepreciation and amortization
Net cash(Click to select)used inprovided byoperating activities $

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