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use indirect method :) Pharoah Supplies Inc's current assets and liabilities at December 31, 2021 are as follows: 2021 2020 Accounts payable $ 10,100 $
use indirect method :)
Pharoah Supplies Inc's current assets and liabilities at December 31, 2021 are as follows: 2021 2020 Accounts payable $ 10,100 $ 14,050 Accounts receivable 21,050 13,700 Cash 31,800 6,700 Interest payable 4,300 2,950 Inventory 6.200 11.050 Prepaid expenses 2,160 3,450 Salaries payable 3,300 5,550 Taxes payable 720 4.100 Pharoah Supplies had profit of $ 85,200 in 2021. Included in the calculation of profit is depreciation of building and equipment in the amount of $ 46,700 and amortization of a patent in the amount of $2,700. Prepare the operating section of Pharoah Supplies' cash flow statement for the year ended December 31, 2021, using the indirectStep by Step Solution
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