Question: 2 Selected Year-End Balance Sheet Data Annual Income Statement Data Sales $ 59,000 Wages payable decrease $ 3,100 550 Expenses: Inventory increase Cost of goods
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Selected Year-End Balance Sheet Data Annual Income Statement Data Sales $ 59,000 Wages payable decrease $ 3,100 550 Expenses: Inventory increase Cost of goods sold 1,300 36,000 Accounts payable decrease 10,900 Wages expense Amortization expense 1,900 Net income $ 10,200 Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) X Answer is not complete. Statement of Cash Flows (partial) Cash flows from operating activities-indirect method Net income S 10,200 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Amortization expense 1,900 Changes in current operating assets and liabilities Wages payable decrease (3,100) (550) Inventory increase Accounts payable decrease (1,300) 7,150 333 $
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