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Whispering Winds Corp. reported net income of $192,400 for 2022. Whispering Winds also reported depreciation expense of $40,600 and a loss of $5,700 on
Whispering Winds Corp. reported net income of $192,400 for 2022. Whispering Winds also reported depreciation expense of $40,600 and a loss of $5,700 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $17,000 for the year, a $19,000 increase in accounts payable, and a $4,200 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.g. (15,000).) Whispering Winds Corp. Statement of Cash Flows (Partial) - Indirect Method December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Question 3 of 4 View Policies Show Attempt History < > Current Attempt in Progress Your answer is partially correct. 2.78/25 ! Whispering Winds Corp. reported net income of $192,400 for 2022. Whispering Winds also reported depreciation expense of $40,600 and a loss of $5,700 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $17,000 for the year, a $19,000 increase in accounts payable, and a $4,200 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Whispering Winds Corp. Statement of Cash Flows (Partial) - Indirect Method December 31, 2022 Cash Flows from Operating Activities Net Income: Adjustments to reconcile net income to
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