Question: PEACH COMPUTER Selected Balance Sheet Data December 31 Therease 2021 $105,000 45,300 78,000 3,300 48,000 5,300 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income

 PEACH COMPUTER Selected Balance Sheet Data December 31 Therease 2021 $105,000

PEACH COMPUTER Selected Balance Sheet Data December 31 Therease 2021 $105,000 45,300 78,000 3,300 48,000 5,300 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable ER 2020 $86.500 50,500 56,500 5.600 38,500 11,500 Decrease ) $18,500 ) 5,200 21,500 ( 2,300 (D) 9,500 6,200 (0) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the Indirect method (List cash outflows and any decrease in cash as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities 5 0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!