An analysis of the balance sheet and income statement of Sanchez Company revealed the following: net income,

Question:

An analysis of the and income statement of Sanchez Company revealed the following: net income, $12,750; depreciation expense, $32,600; decrease in accounts receivable, $21,500; increase in inventory, $18,300; increase in accounts payable, $19,800; and a decrease in interest payable of $1,200.

Required:
Compute the net cash flows from operating activities using the indirect method. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...