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5 M12-5 (Algo) Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The two independent cases are listed below. Case A Case B 2 22 Year 2 Year 1 Year 2 Year 1 points Sales Revenue $ 10,600 $ 7,090 $ 20,608 $ 16,090 Cost of Goods Sold 5,640 3,908 11, 640 9,340 Skipped Gross Profit 4,960 3,100 8,960 6, 660 Depreciation Expense 1, 208 1,208 1,300 1,300 Salaries and Wages Expense 2, 180 1, 600 4,608 4,608 Book Net Income $ 1,660 $ 380 $ 3, 060 $ 760 Accounts Receivable $ 280 $ 360 $ 710 $ 580 Inventory 730 460 710 Accounts Payable 760 760 680 840 Salaries and Wages Payable gee 980 1, 160 310 390 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be dedu should be indicated with a minus sign.) Mc Graw Hill O