23 Exercise 16-6 Indirect: Cash flow from operations LO P2 Salud Company reports the following information. 3.44 points Skipped Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net Income $480,000 Accounts receivable increase $54,800 Depreciation expense 81,500 Prepaid expenses decrease 14,700 Gain on sale of machinery 21,500 Accounts payable increase 8,400 Wages payable decrease 2.400 eBook Use the Indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Hint Statement of Cash Flows (partial) Cash flows from operating activities Ask Adjustments to reconcile net income to operating cash flow Print References $ 0