Question: Partial balance sheets and additional information are listed below for Sowell Company. Additional information for 2024 : Net income was $88,000. Depreciation expense was $19,000

Company. Additional information for 2024 : Net income was $88,000. Depreciation expense

was $19,000 Required: Prepare the operating activities section of the statement of

Partial balance sheets and additional information are listed below for Sowell Company. Additional information for 2024 : Net income was $88,000. Depreciation expense was $19,000 Required: Prepare the operating activities section of the statement of cash flows for 2024 using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Partial balance sheets and additional information are listed below for Sowell Company: Additional information for 2024: Net income was $88,000 Depreciation expense was $19,000 Required: Prepare the operating activities section of the statement of cash flows for 2024 using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Required: Prepare the operating activities section of the statement of cash flows for 2024 using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign

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