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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
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) pum Sales Cost of goods sold Gross profit from sales Operating expenses Salaries expense Depreciation expense Rent expense Interest expense income from operations Loss on sale of land - Net income For the toolbar, press Al T+F10 POOLTIENT (M Balance 270,000 December 31, 2019 December 31, 2018 156.000 Accounts receivable 41,400 36,000 114.000 Merchandise inventory 33,450 30.000 37.500 10.500 10,800 Prepaid rent 2850 825 600 61.650 52.350 5.250 Accounts payale 40.650 39.000 47,100 Salaries payable 15.600 13.500 interest payable 450 375
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