File Home Insert Design Layout References Mailings Review View Help 15. The bottom of the statement of cash flows shows a net increase in cash of $350,000. What is this increase linked to elsewhere in the financial statements? a. The income statement. b. The statement of owners' equity. c. The balance sheet d. The income statement, the balance sheet, and the statement of owners' equity. e. None of the answer choices is correct. Exhibit 12-4 Manning Company uses the indirect method to prepare the statement of cash flows. The following amounts are shown in its December 31, 2017, financial statements. December 31, 2016 $600,000 Accounts receivable Cost of goods sold Sales revenue Accounts payable Inventory Salaries payable Salaries expense December 31, 2017 $ 663,000 $1,800,000 $2,400,000 $ 255,000 $ 270,000 $ 45,000 $ 165,000 $195,000 $375,000 $ 30,000 $144,000 16. Refer to Exhibit 12-4. How will the change in accounts receivable be reported in the operating activities section of the statement of cash flows? a The increase of $63,000 will be subtracted from net income b. The increase of $63,000 will be subtracted from sales revenue c. The increase of $63,000 will be added to net income. d. The increase of $63,000 will be added to sales revenue. e. None of the answer choices is correct 17. Refer to Exhibit 12-4. How will the change in salaries payable be reported in the operating activities section of the statement of cash flows? a. The increase of $15,000 will be added to net income b. The increase of $15,000 will be subtracted from cost of goods sold. c. The increase of $15,000 will be subtracted from net income. d. The increase of $15,000 will be added to sales revenue e. None of the answer choices is correct Page 3 of 6 1433 words X 2121212222