Firefox File Edit View History Bookmarks Tools Window Help ?57% D, Sun 11:49 PM Atika Ishtiaq a E Assignments: 6182-ACCT-230 Grades for Syeda Ishtiaq: 6182 C The Fallowing Income Statemer X C The Fallowing Income Statemer+ ?' https:/ ducation.com/flow/connect.html ...Search Ch 12 Ex 12-4 G Help Save & Exit Submit Saved Check my work Exercise 12-4 Indirect: Cash flows from operating activities LO P2 2327 12 The following income statement and information about changes in noncash current assets and current liabilities are reported. points SONAD COMPANY Income Statement For Year Ended December 31,2017 ft Wor Sales Cost of goods sold Cross profit Operating expenses $1,528, 000 748,720 779,280 Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $209,336 36,672 41,256 4,584 16,80B 308,656 Gain on sale of equipment Net income $ 476,736 Changes in current asset and current liability accounts for the year that relate to operations follow. Accounts receivable Inventory $26,400 increase 38,525 inerease Accounts payable Salaries payable 15,325 decrease 5,850 decrease Required: Prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Prev 1 of 1 Next 949 4. 6