Salud Company reports the following information. Selected Annual Income Statement...
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Accounting
Salud Company reports the following information.
| Selected Annual Income Statement Data | Selected Year-End Balance Sheet Data | |||||||
| Net income | $ | 450,000 | Accounts receivable increase | $ | 44,400 | |||
| Depreciation expense | 93,500 | Prepaid expenses decrease | 16,500 | |||||
| Gain on sale of machinery | 24,800 | Accounts payable increase | 8,800 | |||||
| Wages payable decrease | 2,500 | |||||||
Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.)
Statement of Cash Flow (Partial)
cash flow from operating activities
Adjustment to reconcile net income to operating cash flow
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