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  1. business
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  3. complete the cash flows from operating activities

Complete the Cash Flows from Operating Activities using the INDIRECT METHOD. Thank you! ...

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Accounting

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Complete the Cash Flows from Operating Activities using the INDIRECT METHOD.

Thank you!

Cutter Corner's Corporation has the following 2020 income statement. \begin{tabular}{|l|l|r|} \hline Sales & $ & 2,000,000 \\ \hline COGS & $1,200,000 \\ \hline Gross Profit & $800,000 \\ \hline \end{tabular} Selling \& Administrative \begin{tabular}{|l|cc|} \hline Salaries Expense & $ & 140,000 \\ \hline Insurance Expense & $ & 150,000 \\ \hline Depreciation Expense & $ & 210,000 \\ \hline & $ & 500,000 \\ \hline \end{tabular} Net Income $300,000 The following accounts changed in 2020 : Inventory $460,0002020 \begin{tabular}{ll} \multicolumn{2}{c}{2019} \\ \hline$ & 350,000 \\ $ & 225,000 \\ $ & 520,000 \\ \hline \end{tabular}

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