Sales Sregor Company Income Statement $100,000 Cost of Goods Sold 40,000 Gross Profit 60,000 Various operating...

 

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Sales Sregor Company Income Statement $100,000 Cost of Goods Sold 40,000 Gross Profit 60,000 Various operating expenses 25,000 Depreciation expense 4,000 Interest expense 2,000 Net Income before tax 29,000 Income Tax 4,000 Net Income 25,000 Accounts receivable decreased by $7,000 Inventory increased by $4,000 Prepaid Insurance increased by $3,000 Accounts Payable increased by $6,000 Interest Payable decreased by $1,000 Income Tax Payable decreased by $2,000 Dividends Payable increased by $3,000 Prepare the Cash Flow from Operations section of the Statement of Cash Flows. Sales Sregor Company Income Statement $100,000 Cost of Goods Sold 40,000 Gross Profit 60,000 Various operating expenses 25,000 Depreciation expense 4,000 Interest expense 2,000 Net Income before tax 29,000 Income Tax 4,000 Net Income 25,000 Accounts receivable decreased by $7,000 Inventory increased by $4,000 Prepaid Insurance increased by $3,000 Accounts Payable increased by $6,000 Interest Payable decreased by $1,000 Income Tax Payable decreased by $2,000 Dividends Payable increased by $3,000 Prepare the Cash Flow from Operations section of the Statement of Cash Flows.

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