-X - X Statement of net income Changes in balance sheet accounts Amount $ 1,500 Lawton Company Statement of Net Income For the Current Year Ended Sales Depreciation Expense Selling. General, and Administrative Expenses Gain on Sale of Equipment Account Changes from the Balance Sheet Decrease in Accounts Receivable Decrease in Accounts Payable Increase in Wages Payable 850 36.000 2.500 (5.800) (30,000) 1,500 (3.250) Print Done Other Expenses Income before Taxes (1,550) 560 Tax Benefit S (990) Net Loss Compute the net cash flow from operating activities for Lawton Company under the indirect reporting format. Lawton Company provided you with the following information for the current year. Accounts Payable relate to Selling. General and Administrative Expenses. (Click the icon to view the statement of net income.) (Click the icon view the changes in balance sheet accounts. Requirement Compute net cash flow from operating activities under the indirect reporting format. (Use a minus sign or parentheses for any numbers to be subtracted. If a box is not used in the statement, leave the box empty: do not select a label or enter a zero.) Lawton Company Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities Adjustments to Reconcile Net Income to Cash Flows from Operating Activities: Changes in Current Assets and Liabilities Net Cash Provided (Used) by Operating Activities