OneLogin Topic: Lesson 12: Internal Propo x Question 3-Homework Chapter X Chegg.com Project proposal - Google Docs x + ezto.mheducation.com/ext/map/index.html?_con-con&external_browser-08launchUrl-https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/kEZASS@KEPtyEnBaOxqLAVI65.. Word Mail Jal Knox Ou.. OneLogin Canvas Free quadratic func.. ASTR 1403 ENG Homework Chapter 12 Saved ex " Reading list Help Save & Exit Submit 3 6.68 points Required information [The following information applies to the questions displayed below] Green Brands, Inc. (GBI) presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from GBI's Year 2 and Year 1 year-end balance sheets: Account Title eBook Year 2 Year 1 Accounts receivable $23,338 $27,598 Merchandise inventory 57,600 49,300 Prepaid insurance 18,708 26,798 Print Accounts payable 24,100 18,900 Salaries payable 4,658 4,058 Unearned service revenue 658 2,750 References Mc Graw Hill The Year 2 income statement is shown next: Income Statement Sales $ 616,800 Cost of goods sold Gross margin Service revenue Insurance expense Salaries expanse Depreciation Operating income Gain on sale of equipment Not income (364,000) 252,600 5,800 (39, 600) (145,000) (6,660) 67,860 4,500 $ 72,300 b. Prepare the operating activities section of the statement of cash flows using the indirect method for Year 2. (Amounts to be deducted should be indicated with a minus sign.) GREEN BRANDS, INC. Statement of Cash Flows (Operating Activities) For the Year Ended December 31, Year 2 Cash flows from operating activities: < Prev 3 of 3 Next > Check my work 10:29 OneLogin Topic: Lesson 12: Internal Propo x Question 3-Homework Chapter X Chegg.com Project proposal - Google Docs x + ezto.mheducation.com/ext/map/index.html?_con-con&external_browser-08launchUrl-https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/kEZASS@KEPtyEnBaOxqLAVI65.. Word Mail Jal Knox Ou.. OneLogin Canvas Free quadratic func.. ASTR 1403 ENG Sted ex " Reading list Help Save & Exit Submit Homework Chapter 126 3 6.68 points Insurance expense Salaries expense Depreciation expense Operating incone Gain on sale of equipment Net income (39, 860) (145,000) (6,800) 67,000 4,500 $ 72,300 eBook Print b. Prepare the operating activities section of the statement of cash flows using the indirect method for Year 2. (Amounts to be deducted should be indicated with a minus sign.) GREEN BRANDS, INC. Statement of Cash Flows (Operating Activities) For the Year Ended December 31, Year 2 References Cash flows from opasang activities Net income S 72,300 Mc Graw Hill Add: Decrease in accounts receivable Decrease in prepaid insurance Deduct Add noncash expenses Depreciation expense 8,000 2,100) Deduct: Gain on sale of equipment (4,500) Net cash flow from operating activities $ 73,700 Check my work Screen capture now Screenshot taken Show in folder Copied to clipboard < Prev 3 of 3 Next > EDIT DELETE 10:29 OneLogin Topic: Lesson 12: Internal Propo x Question 3-Homework Chapter X Chegg.com Project proposal - Google Docs x + ezto.mheducation.com/ext/map/index.html?_con-con&external_browser-08launchUrl-https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/kEZASS@KEPtyEnBaOxqLAVI65.. Word Mail Jal Knox Ou.. OneLogin Canvas Free quadratic func.. ASTR 1403 ENG Sted ex " Reading list Help Save & Exit Submit Homework Chapter 126 3 6.68 points Insurance expense Salaries expense Depreciation expense Operating incone Gain on sale of equipment Net income (39, 860) (145,000) (6,800) 67,000 4,500 $ 72,300 eBook Print b. Prepare the operating activities section of the statement of cash flows using the indirect method for Year 2. (Amounts to be deducted should be indicated with a minus sign.) GREEN BRANDS, INC. Statement of Cash Flows (Operating Activities) For the Year Ended December 31, Year 2 References Cash flows from operating activities Neticume S 72,300 Decrease In marchandise Inventory Decrease in prepaid Insurance Decrease in salaries payable 8,000 Decrease In unearned service revenue Depreciation expense UCL Mc Graw Hill Add noncash expenses Depreciation expense 2,100) Deduct: Gain on sale of equipment (4,500) Net cash flow from operating activities $ 73,700 < Prev 3 of 3 Next > Check my work 10:30