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Use the following information from Lagitech Companys financial statements to determine operating net cash flows (indirect method). x=6 Balance Sheet Sales Cost of goods sold

Use the following information from Lagitech Companys financial statements to determine operating net cash flows (indirect method).

x=6

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Balance Sheet Sales Cost of goods sold Wages Expense Depreciation Expense Office Expense Net Income Income Statement 250,000 100,000 40,000 20,000 10,000 80,000 Accounts Receivables increase Merchandise Inventory decrease Accounts Payable increase (x*100) 1,000 (x*50)

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