erating Cash Flows: Indirect Method Instructions Amount Descriptions Statement of Cash Flows. Indirect Method structions vasey Company provided the following partial comparative balance sheets and the income statement for 20x2. Swasey Company Partial Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 2 Current Assets Accounts receivable 755,000.00 677.000.00 Inventories 295.000.00 325,000.00 Current liabilities Wages payable 695,000.00 680,000.00 All work saved. O hp In Amount Descriptions Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. Amount Descriptions Add cost of goods sold Add interest expense Decrease in accounts receivable Decrease in inventories Decrease in wages payable Depreciation expense Gain on sale of equipment Increase in accounts receivable Increase in inventories Increase in wages payable Less cost of goods sold Loss on sale of equipment Net cash from financing activities Net cash from investing activities All work saved. M OD in Amount Descriptions Statement of Cash Flows - Indirect Method Year Ending December 31, 20X2 1 ? Add (deduct) adjusting items: 3 4 5 6 7 8 Loss on sale of equipment Net cash from financing activities Net cash from investing activities All work saved. erating Cash Flows: Indirect Method Instructions Amount Descriptions Statement of Cash Flows. Indirect Method structions vasey Company provided the following partial comparative balance sheets and the income statement for 20x2. Swasey Company Partial Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 2 Current Assets Accounts receivable 755,000.00 677.000.00 Inventories 295.000.00 325,000.00 Current liabilities Wages payable 695,000.00 680,000.00 All work saved. O hp In Amount Descriptions Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows. Amount Descriptions Add cost of goods sold Add interest expense Decrease in accounts receivable Decrease in inventories Decrease in wages payable Depreciation expense Gain on sale of equipment Increase in accounts receivable Increase in inventories Increase in wages payable Less cost of goods sold Loss on sale of equipment Net cash from financing activities Net cash from investing activities All work saved. M OD in Amount Descriptions Statement of Cash Flows - Indirect Method Year Ending December 31, 20X2 1 ? Add (deduct) adjusting items: 3 4 5 6 7 8 Loss on sale of equipment Net cash from financing activities Net cash from investing activities All work saved