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M12-5 Computing Cash Flows from Operating Activities (Indirect Method) LO 12-2 The two independent cases are listed below Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense 2,400 900 5,100 5,100 $ 11,100 S 9,500 $21,100 $18,500 6,090 5,900 12,090 11,390 5,010 3,600 9,010 7,110 1,100 1,100 1,550 1550 Net Income 1,510 600 2,360 460 305 410 760 60 755 510 735 810 810 705 810 865 Salaries and Wages Payable 1,0051,210 205 260 Inventory Accounts Payable 10 510 005 705 735 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities 0 Type here to search DII F6