eBook Schedule of Operating Cash Flows: Indirect Method Instructions Amount Descriptions Operating Cash Flows - Instructions The income statement for the Mendelin Corporation is as follows: Revenues $ 400,000 Less: Cost of goods sold: Beginning inventory $ 48,000 Purchases 182,000 Ending inventory (39,000) (191,000) Less: Patent amortization (25,000) Advertising (13,500) Depreciation expense (55.000) Wages expense (32,500) Insurance expense (10,300) Bad debt expense (6,000) Interest expense (8,000) Net income $ 58,700 Additional information is as follows: A. Interest expense includes $1,600 of discount amortization. B. The prepaid insurance expense account decreased by $1,500 during the year. C. Wages payable decreased by $2,500 during the year. D. Accounts payable increased by $7,300 (this account is for purchase of merchandise only). E Accounts receivable increased by $11,300 (net of allowance for doubtful accounts). hehehandise F. Inventory decreased by $16,500. Required: Prepare a schedule of operating cash flows using the indirect method. tructions Amount Descriptions Operating Cash Flows - Indirect Method uctions Amount Descriptions Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. Amount Descriptions Decrease in accounts payable Decrease in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in wages payable Depreciation expense Discount amortization Increase in accounts payable Increase in accounts receivable Increase in inventory Increase in prepaid insurance Increase in wages payable Net cash from operating activities Net income Net loss Patent amortization ons Operating Cash Flow - Indeed Method Preweduwe pevating content and memoto wa miguu yako wenye uwe Menopan Operating the Canh.com