XC Remaining Time: 1 hour, 46 minutes, 43 seconds Question Completion Status: QUESTION 7 Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement For Year Ended December 31, 2019 Sales 270.000 Cost of goods sold 156.000 Gross profit from sales Accounts receivable 114.000 10 points Save Artswer Balance December 31, 2019 December 31, 2018 41,400 36.000 Operating expenses Merchandise inventory 33.450 30.000 Salaries expense 37,500 Depreciation expense 10,500 Rent expense 10.800 Prepaid rent 825 600 Interest expense 2.050 61.450 ncome from operations 52.350 Loss on sale of land Net income 5.250 47,100 Accounts payale 40.650 39.000 Salaries payable 15.600 13.500 Chick Save and Submit und mir Chick Stilanne to s novo interest payable 450 375 Save At Angers Quee wadow Save and Submit