Question: Exercise 1 2 - 6 ( Algo ) Indrect: Cash flows from operating activitles LO P 2 Salud Company reports the following Information.Selected Annual Income

Exercise 12-6(Algo) Indrect: Cash flows from operating activitles LO P2Salud Company reports the following Information.Selected Annual Income Statement DataNet incomeDepreciation expenseGain on sale of machinerySelected Year-End Balance Sheet Data$ 425,000Accounts receivable increase84,000Prepaid expenses decrease20,680Accounts payable IncreaseWages payable decrease$ 47,20013,8006,4002,680Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31.Note: Amounts to be deducted should be indicated with a minus sign.

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