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The following three statements relate to Sterling Co . Income Statement For Year Ended December 3 1 Sales revenue. Cost of goods sold Depreciation expense
The following three statements relate to Sterling Co
Income Statement
For Year Ended December
Sales revenue.
Cost of goods sold
Depreciation expense
Salaries
Other operating expenses
Interest expense.
Gain on sale of equipment
Loss on bond retirement.
Income tax expense
Net income
Net Cash Flows from Operating Activities, Direct Method
For Year Ended December
Collections from customers $
Payments for salaries
Payments for other operating expenses dotsdotsdotsdotsdotsdotsdotsdotsdotsdots,
Payments for income tax
Net cash provided by operating activities
Net Cash Flows from Operating Activities, Indirect Method
For Year Ended December
Net income
Adjustments:
Depreciation expense
Gain on sale of equipment
Loss on bond retirement.
Amortization of bond discount
Increase in accounts receivable, net.
Increase in inventory.
Increase in prepaid rent
Increase in accounts payable
Decrease in salaries payable
Increase in income taxes payable
Net cash provided by operating activities
Required
Determine the missing amounts a through in the statements above.
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