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Waterway Corporation had the following 2020 income statement Sales revenue $183.000 Cost of goods sold 117.000 Gross profit 66,000 Operating expenses includes depreciation of $21.000)
Waterway Corporation had the following 2020 income statement Sales revenue $183.000 Cost of goods sold 117.000 Gross profit 66,000 Operating expenses includes depreciation of $21.000) 49,000 Net income $17.000 The following accounts increased during 2020: Accounts Receivable $12.000, Inventory $12,000, Accounts Payable $12,000. Prepare the cash flows from operating activities section of Waterway's 2020 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a signes. -15.000 or in parenthesis es: (15,0001) Waterway Corporation Statement of Cash Flows-Indirect Method (Partial)
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