HW chapter 12 i 2.5 points eBook Print References Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below. Selected Balance Sheet Accounts Prior Year $ 26,200 36,000 2,600 20,600 5,200 Accounts Receivable Inventory Prepaid Rent Accounts Payable Salaries and Wages Payable Sales Revenue Expenses: Net Income Income Statement Cost of Goods Sold Depreciation Expense Salaries Expense Rent Expense Insurance Expense Interest Expense Utilities Expense Current Year $ 18,000 39,600 0 $ 540,000 308,000 36,000 54,000 21,600 21,600 19,800 18,000 $ 61,000 Changes in current assets and current liabilities: Pioneer Industries Cash Flows from Operating Activities 26,800 7,800 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.) Net Income Adjustments to reconcile net income to net cash provided by operating activities: Saved $ 0

Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below. Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method: (Enter any deductions and cash outflows as a negative value.)