Use the following information to prepare the operating activities section of the statement of cash flows...
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Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement For Year Ended December 31, 2019 10 points Balance Save Answer Sales Cost of goods sold 90,000 December 31, 2019 December 31, 2018 52.000 Gross profit from sales Operating expenses Accounts receivable 13,800 12,000 38.000 Salaries expense Merchandise inventory 11.150 10,000 12,500 Depreciation expense 3,500 Rent expense 3.600 Prepaid rent 275 200 interest expense 250 20.550 incame from operations 17.450 Lass on sale of land i 1.750 Ne income Accounts payale 13.550 13,000 15,700 Salaries payable 5.200 4.500 interest payable 150 125 For the toolbar, press ALT+F10 (PC) or ALT+EN+F10 (Mac) Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement For Year Ended December 31, 2019 10 points Balance Save Answer Sales Cost of goods sold 90,000 December 31, 2019 December 31, 2018 52.000 Gross profit from sales Operating expenses Accounts receivable 13,800 12,000 38.000 Salaries expense Merchandise inventory 11.150 10,000 12,500 Depreciation expense 3,500 Rent expense 3.600 Prepaid rent 275 200 interest expense 250 20.550 incame from operations 17.450 Lass on sale of land i 1.750 Ne income Accounts payale 13.550 13,000 15,700 Salaries payable 5.200 4.500 interest payable 150 125 For the toolbar, press ALT+F10 (PC) or ALT+EN+F10 (Mac)
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