The two independent cases are listed below Case A Case EB Year 2 Year 1 Year 2 Year 1 10,900 $8,500 $20,900 $17,500 5,910 5,100 11,910 10,510 4,990 3,400 8,990 6,990 1,200 1,200 1,450 1,450 2,400 1,900 4,900 4,900 1,390 300 2,640 640 595 790 900 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 740 725 810 295 390 745 490 790 695 995 1,19 265360 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 B Case A Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities 790 900 360 745 790 695 995 1,190 490 725 B10 265 Inventory Accounts Payable Salaries and Wages Payable 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 A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities Suppose your company reports $170 of net income and $42 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending s 37 85 255 $377 s 12 110 255 Cash Accounts Receivable Inventory $217 187 147 $551 s 60 108 383 551 Total Salaries and Wages Payable Common Stock Retained Earnings Total Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities S During the period, Teen's Trends sold some excess equipment at a loss. The following information was collected from the company's accounting records: From the income statement Depreciation expense Loss on sale of equipment From the balance sheet Beginning equipment Ending equipment Beginning accumulated depreciation Ending accunulated depreciation $500 4,000 12,500 6,500 2,000 2,200 No new equipment was bought during the period Required: For the equipment that was sold, determine (a) its original cost, (b)its accumulated deprecidtion, and (c) the cash received from the sale. (a) Cost of equipment sold (b) Accumulated Depreciation-Equipment (c) Cash Received from Sale