Question: please answer the Required b. The income statement and a partial balance sheet for Mango Company are presented below. Mango Company Income statement For the

please answer the Required
please answer the Required b. The income statement and a partial balance
sheet for Mango Company are presented below. Mango Company Income statement For

b. The income statement and a partial balance sheet for Mango Company are presented below. Mango Company Income statement For the year Ended December 31, 2017 Sales $650,000 Cost of goods sold 264,000 Gross Profit $386,000 Operating expenses: Salaries $60,000 Depreciation expense 40,000 Miscellaneous 26,500 126,500 Net Income $259,500 Mango Company Balance Sheet As at 31st December 2017 2017 Cash 100,000$ receivable Account 33,000 Inventories 20,000 Prepaid expenses 27,000 Accounts Payable 15,500 Salaries Payable 15,300 2016 224,000$ 22,000 42,000 27,000 22,000 13,300 e unit 5 Required: Prepare the operating activities section of the statement of cash flows using indirect method. (15 Marks)

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