Question: Can a tutor check my work. My professor never explained cash flows in depth with our class. Wages payable is confusing me since I believe

Can a tutor check my work. My professor never explained cash flows in depth with our class. Wages payable is confusing me since I believe there are two answers for that line.

Reconciling and Computing Operating Cash Flows from Net Income Petroni Company reports the following selected results for its current calendar year.

Net income

$130,000

Depreciation expense

28,000

Accounts receivable increase

10,000

Accounts payable increase

6,000

Prepaid expenses decrease

3,000

Wages payable decrease

4,000

Petroni Company

Statement of Cash Flows

(operating section)

Operating activities

Net income

130,000

Adjustments to reconcile net income to operating cash flow

Depreciation

28,000

Changes in operating assets and liabilities

Accounts receivable

-10,000

Prepaid expense

3,000

Accounts payable

6,000

Wages payable

-4,000 ?????

Net cash provided from operating activities

153,000

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