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Using the data below, complete the Operating section of the Cash Flow Statement using the Indirect Method Using the data below, complete the Operating section
Using the data below, complete the Operating section of the Cash Flow Statement using the Indirect Method
Using the data below, complete the Operating section of the Cash Flow Statement using the Indirect Method. Note that no dividends were declared or paid this period. Comparative Balance Sheet Cash Accounts Receivable Inventory Prepaid Expenses Equipment Acc. Depr - Equipment Total Assets Accounts Payable Wages Payable Income Taxes Payable Long Term Notes Payable Common Stock Retained Earnings Total Liabilities and Equity Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Other Operating Expense Income Before Taxes Income Tax Expense Net Income Statement of Cash Flows Net Cash Provided from Operating Activities 2021 $89,800 $41,230 $84, 750 $4,975 $825,000 -$518, 750 $427,005 $24, ooo $11,755 $4,500 $89,000 $245,000 $52, 750 $427,005 $545,750 $318,750 $227,000 $103,125 $91,750 $32,125 $5,425 $25,700 2022 $46,250 $52,250 $36,750 $4,325 $825,000 -$721,875 $302,700 $22,250 $7,500 $3,200 $48,000 $143,300 $78,450 $302,700
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