Question: Partial balance sheets and additional information are listed below for Rickey Company. Rickey Company Partial Balance Sheets as of December 31 Assets Cash Accounts receivable
Partial balance sheets and additional information are listed below for Rickey Company. Rickey Company Partial Balance Sheets as of December 31 Assets Cash Accounts receivable Inventory Liabilities 2019 2018 $20,000 $40,000 85,000 70,000 35,000 40,000 Accounts payable $62,000 $80,000 Additional information for 2019: Net income was $160,000. Depreciation expense was $20,000. Required: Prepare the operating activities section of the statement of cash flows for 2019 using the indirect method. For the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac)
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