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Use the following selected date and additional information for the records of hitch corporation to answer the question that follows 4. (5 points) Hitchcock Exhibit

Use the following selected date and additional information for the records of hitch corporation to answer the question that follows image text in transcribed
4. (5 points) Hitchcock Exhibit Use the fol answer the question thed date and additional information from the records of Hitchcock Corporation t answer the question that follows. Balance Sheet Data Accounts Receivable Inventories Prepaid Rent Accounts payable Salaries payable Taxes payable 2003 $50,000 $40,000 25,000 5,000 20,000 15,000 11,000 2004 22,000 13,000 13,000 9,000 18,000 Income Statement Data Depreciation Expense Net Income 2004 6,000 50,000 Required: Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method

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