Question: 2 value: 12.00 points M12-5 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The two independent cases are listed below: Case A Case

 2 value: 12.00 points M12-5 Computing Cash Flows from Operating Activities

2 value: 12.00 points 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 $11,000 $ 9,000 $21,000 $18,000 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable 6,000 5,500 2,000 11,000 5,0003,500 9,000 7,000 1,000 1,000 1,500 1,500 2,500 2,000 5,000 5,000 500 2,500 1,500 300 750 800 400 500 700 1,000 1,200 750 730 800 200 500 600 800 850 250 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

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