Question: Can anyone solve this question pls? 13,300decrease5,800decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be



13,300decrease5,800decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) MONTGOMERY INCORPORATED Comparative Balance Sheets MONTGOMERY INCORPORATED Income statement For Current Year Ended December 31 Sales $61,500 Cost of goods sold. Gross profit Salaries expense 7,600 Depreciation expense Income before taxes Income tax expense Net income 9,90018,5004,500$14,000 Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $12,600 cash. c. Purchased equipment for cash; no equipment was sold. 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method: (Amounts to be deducted should be indicated by a minus sign.) MONTGOMERY, INCORPORATED Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities \begin{tabular}{|l|} \hline Adjustments to reconcile net income to net cash used in operating activities: \\ \hline Income statement items not atfecting cash \end{tabular} Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities \begin{tabular}{|c|} \hline Cash flows from financing activities \\ \hline \end{tabular}
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