The independent cases are listed below includes all balance sheet accounts related to operating activities Case C $302,000 11,000 $412,000 72,000 Case A Case B Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) 32,000 84,000 (192,000 (12,000) 142,000 42,000 (42,000) 112,000 62,000 (42,000) 27,000 52,000 (212,000) (32,000) Show the operating activities section of cash flows for each of the given cases. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Case C Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Changes in Assets and Liabilities Accounts Receivable Inventory Accounts Payable Accrued Liabilities Net Cash Provided by Operating Activities The two independent cases are listed below: Case A Case B Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Year 2 Year 1 Year 2 Year 1 $11,300 $10,500 $21,300 $19,500 6,270 7,000 12,270 12,170 5,030 3,500 9,030 7,330 1,000 1,000 1,650 1,650 2,200 1,700 5,300 5,300 380 615 830 895 280 1,830 315 765 830 430 530 715 1,015 1,230 800 2,080 780 745 830 215 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Case ACase B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities Based on the following information, compute cash flows from investing activities under GAAP. Cash collections from customers Purchase of used equipment Depreciation expense Sale of investments Dividends received Interest received $700 150 150 350 120 150 Cash Flows from Investing Activities Based on the following information, compute cash flows from financing activities under GAAP. Purchase of investments Dividends paid Interest paid Additional borrowing from bank $ 240 1,190 390 2,750 Cash Flows from Financing Activities