Question: PARTA (9 MARKS) The following income statement and additional information for Shannon, Inc. is relevant to the statement of changes in financial position Additional Information

PARTA (9 MARKS) The following income statement and additional information for Shannon, Inc. is relevant to the statement of changes in financial position Additional Information Income Statement Cost of goods (300,000) sold Operating (140,000) expenses Net income 60.000 ncrease in inventory $5,000 Decrease in Accu Pay $8,000 Increase in Accrued $6.000 Oper Exps Required: Prepare a schedule showing cash from operations (direct method) (1 mark for each entry)

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