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QS 12.6 (Algo) Indlrect: Computing cash from operations LO P2 Use the information above to calculate cash flows from operating activitles using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) QS 12-7 (Algo) Indirect: Computing cash from operations LO P2 A comparative balance sheet and Income statement is shown for Cruz, Incorporated. Required: Use the indirect method to prepare the operating actlvitles section of Cruz's statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) QS 128 (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparatlve balance sheets. The current year income statement reports depreclation expense on furniture of $20,500. Durling the year, furniture costing $55,000 was sold for its book value on December 31. Current Year. Complete the general ledger accounts to calculate cash recelved from the sale of furniture