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The income statement of Bonita Company is shown below. Additional information: 1. Accounts receivable decreased $350,000 during the year. 2. Prepaid expenses increased $150,000 during
The income statement of Bonita Company is shown below. Additional information: 1. Accounts receivable decreased $350,000 during the year. 2. Prepaid expenses increased $150,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $260,000 during the year. 4. Accrued expenses payable decreased $130,000 during the year. 5. Administrative expenses include depreciation expense of $60,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2025, for Bonita Company, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) BONITA COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accrued Expenses Payable Decrease in Inventory Decrease in Accounts Payable Increase in Prepaid Expenses Decrease in Accounts Receivable Net Cash Provided by Operating Activities 130000 260000 150000
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