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The income statement of Stalwart Ltd is shown below: Additional information: 1. Accounts receivable increased $400,000 during the year. 2. Inventory increased $250,000 during the
The income statement of Stalwart Ltd is shown below: Additional information: 1. Accounts receivable increased $400,000 during the year. 2. Inventory increased $250,000 during the year. 3. Prepaid expenses increased $200,000 during the year. 4. Accounts payable to merchandise suppliers increased $100,000 during the year. 5. Accrued expenses payable increased $180,000 during the year. Required: Prepare the operating activities section of the statement of cash flows for the year ended 31 December 2024, for Stalwart Ltd. STALWART LTD Statement of cash flows for the year ended 31 December 2024 Cash flows from operating activities Cash receipts from customers $ Cash payments: To suppliers For operating expenses Net cash provided by operations $ $
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