Question: E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-5) Suppose your company reports $230 of net income and

E12-6 Preparing and Evaluating a Simple Statement of Cash Flows (Indirect Method) [LO 12-2, LO 12-5) Suppose your company reports $230 of net income and $54 of cash dividends paid, and its comparative balance sheet indicates the following Beginning s 49 145 315 $509 5 24 170 315 Ending Cash Accounts Receivable Inventory $279 249 209 $737 $120 126 491 Total Salaries and Wages Payable Common Stock ok . Retained Earnings 3502 S737 Total Required 1. Prepare the operating activities section of the statement of cash flows, using the indirect method (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities

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