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Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: $ 52,300 Income Statement for Current
Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: $ 52,300 Income Statement for Current Year Service revenue Expenses Salaries $ 42,000 Depreciation 8,600 Amortization of copyrights 400 Other expenses 10,600 Net loss 61,600 $ (9,300) Partial Balance Sheet Accounts receivable Salaries payable Other accrued liabilities Current Prior Year Year 9,300 $ 16,800 14,500 1,600 2,700 5,200 In addition, Rodriguez bought a small service machine for $5,900. Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method. (List loss amount and cash outflows as negative RODRIGUEZ COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Net income Depreciation expense Amortization of copyrights Accounts receivable decrease Other accrued liabilities decrease Net cash provided by operating activities
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