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  3. a company uses the indirect method to prepare the

A company uses the indirect method to prepare the statement of cash flows. The company...

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Accounting

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A company uses the indirect method to prepare the statement of cash flows. The company has the following partial comparative balance sheet. \begin{tabular}{|c||r|r|} \hline & Balance Sheet December 31, 2029 & Balance Sheet December 31, 2030 \\ \hline Assets & & \\ \hline Current Assets & $12,000 & $5,000 \\ \hline Cath & 5,000 & 5,000 \\ \hline Accounts Receivable & 2,000 & 500 \\ \hline Prepaid Rent & & \\ \hline & & \\ \hline Liabilities & & \\ \hline \end{tabular} The company provided the following additional information - Depreciation Expense for the year was $10,000 - The company did not have any gains or losses from the sale of long term assets during the year - The company did not issue any dividends during the year Prepare the operating activities section of the Statement of Cash Flows as of December 31, 2030. Hint: Use Retained Earnings to calculate Net Income for the period Show all work to receive partial credit. If you plan to submit scrap paper, type "scrap paper" below

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