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The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable

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The two independent cases are listed below: 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 Case A Case B Year 2 Year 1 Year 2 Year 1 $10,500 $6,500 $20,500 $15,500 5,550 3,500 11,550 9,050 4,950 3,000 8,950 6,450 1,000 1,000 1,250 1,250 2,000 1,500 4,500 4,500 1,950 500 3,200 700 275 350 700 575 725 450 705 750 750 675 850 920 975 1,150 325 400 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 S 0 $ 0

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