Question: Cash Flow Statement: Operations Section Next Company uses the Indirect Method to prepare the Statement of Cash Flows. A review of the Financial Statements at

 Cash Flow Statement: Operations Section Next Company uses the Indirect Method

Cash Flow Statement: Operations Section Next Company uses the Indirect Method to prepare the Statement of Cash Flows. A review of the Financial Statements at 12/31/20 indicate the following items: Depreciation Expense $18,000 Net Income Year Ended 12/31/20 73,500 Increase in Inventory 28,000 Decrease in Accounts Receivable 17,000 Increase in Account Payable 15,000 Decrease in Notes Payable 12,000 REQUIRED: Using Proper Form, Prepare the Operations Section of the Cash Flow Statement at 12/31/20. T T T Arial 3 (12pt) T- Path: P

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