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The income statement of Marigold Company is shown below. Additional information: 1. Accounts receivable decreased $350,000 during the year. 2. Prepaid expenses increased $180,000 during
The income statement of Marigold Company is shown below. Additional information: 1. Accounts receivable decreased $350,000 during the year. 2. Prepaid expenses increased $180,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $280,000 during the year. 4. Accrued expenses payable decreased $90,000 during the year. 5. Administrative expenses include depreciation expense of $70,000. MARIGOLD COMPANY Partial Statement of Cash Flows $ $ $
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