Question: Johnson & Johnson provided the following data for the year 2023: Item Amount Net Income $200,000 Depreciation Expense $50,000 Increase in Accounts Receivable $30,000 Decrease
Johnson & Johnson provided the following data for the year 2023:
Item | Amount |
Net Income | $200,000 |
Depreciation Expense | $50,000 |
Increase in Accounts Receivable | $30,000 |
Decrease in Inventory | $20,000 |
Increase in Accounts Payable | $10,000 |
Dividends Paid | $40,000 |
Prepare the cash flow statement using the indirect method for Johnson & Johnson for the year ending December 31, 2023.
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