For the year ended December 31, 2015, the following information is available for the Lakers Company:

Required:
Prepare the operating activities section of the statement of cash flows for the year ending December 31, 2015. Use the indirectmethod.

Transcribed Image Text:

Sales Cost of goods sold Depreciati on expense Amortiz ati on expense Wage expense Rent expense Loss on sale of fixed assets Interest expense Income tax expense Total expenses Net income S891,000 662.000 16,000 3,000 91,000 4.000 2.000 13.000 38.000 829.000 December 31, 2014 Cash Accounts civable Inventory Prepai d rent Accounts payable $10,000 S10,000 $20,000 S2,000 S22,000 S12,000 S2,000 December 31, 2015 $12.800 19.200 S14,100 S1,700 S24.400 S11,300 S3,100 ages payable Taxes payable