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Annual Income Statement Data Selected Year-End Balance Sheet Data Sales...

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Accounting

Annual Income Statement Data Selected Year-End Balance Sheet Data
Sales $ 50,000 Wages payable decrease $ 3,000
Expenses: Inventory increase 500
Cost of goods sold 30,000 Accounts payable decrease 1,000
Wages expense 10,000
Amortization expense 1,500
Net income $ 8,500
Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign.]

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