Question: Complete the Cash Flows from Operating Activities using the Indirect Method Cutter Comer's Corporation has the following 2020 Income statement Sales $2,000,000 COGS $1,200,000 Gross

Complete the Cash Flows from Operating Activities using the Indirect Method
Cutter Comer's Corporation has the following 2020 Income statement
Sales $2,000,000
COGS $1,200,000
Gross Profit $800,000
Selling and Administartive Exp.
Salaries Expense $140,000
Insuranse Expense $150,000
Depretiation Expense $210,000
Net Income $300,000
The following accounts changed in 2020:
2020 2019
Inventory $460,000 $350,000
Accounts Receivable $345,000 $225,000
Accounts Payable $650,000 $520,000

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