Question: Hey guys! I need some help with question 1! Thanks! P14-41B Preparing the statement of cash flows indirect method with non-cash transactions The 2015 income
P14-41B Preparing the statement of cash flows indirect method with non-cash transactions The 2015 income statement and comparative balance sheet of All Wired, Inc. follow ALL WIRED, INC Income Statement Year Ended December 31, 2015 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: 438,000 209,200 228,800 Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses 72,400 14,500 10,000 96,900 131,900 Operating Income Other Revenues and (Expenses): 8,500 Interest Revenue Interest Expense Total Other Revenues and (Expenses) (21,500) (13,000) 118,900 Net Income Before Income Taxes Income Tax Expense Net Income 19 S 99,500
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