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  3. income statement for year ended in ded 31 2014 sa

income statement for year ended in ded 31 2014 sales 755,000 cogs 543,000 gros...

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Question

Accounting

income statement for year ended in ded 31 2014

sales 755,000

cogs 543,000

gros profit 212,00

operating expenses

selling expenses 52,000

Admin exp 141,000

net income 71,000

addl info

1 a/ r decreaded by 63,000

2 inventory increased 38,000

3 prepaid expensed increased 12,000

4 a/p increased 25,000

5 accrued expense payable 6,000

6 admin expenses include deprecation expenses of 20,000

Instruction: Prepare the operating section of the cash flow statement using the indirect method.

account name
sign +/-
$amount

Net cash flow from operating activities
Net income

Net Cash flow from operating activities

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