The following income statement and additional year end Information is provided SONAD COMPANY Income Statement...
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Accounting
The following income statement and additional year end Information is provided SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $299.285 Depreciation expense 52.416 Rent expense 58,968 Amortization expenses-Patents 6.552 Utilities expense 24, 274 $2,184,809 1.e78,160 1,113,840 Gain on sale of equipment Net income S58148 Accounts receivable Inventory $1,650 increase 35,000 increase Solaris payable $14, se decrease 5.400 decrease Prepare the operating activities section of the statement of cash flows using the indirect method (Amounts to be deducted sh Indicated with a minus sign.) Statement of Cash Flows partial Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities income statement items not affecting cash Changes current o g as an Pay or 9
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