M12-5 Computing Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Case A Case B Year 2 Year 1 Year 2 Year 1 $11,200 $10,000 $21,200 $19,000 6,180 6,300 12,180 11,680 5,020 3,700 9,020 7,320 1,200 1,200 1,600 1,600 2,300 1,800 5,200 5,200 1,520 700 2,220 520 310 420 770 610 520 740 820 820 710 820 880 1,010 1,220 210 270 Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Case A Case B Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities