Question: please do it in excel E17.4 (LO 2) Financial Statement Gutierrez Company reported net income of $225,000 for 2020. Gutierrez also reported depreciation expense of

please do it in excel E17.4 (LO 2) Financial Statement Gutierrez Company please do it in excel

E17.4 (LO 2) Financial Statement Gutierrez Company reported net income of $225,000 for 2020. Gutierrez also reported depreciation expense of $45,000 and a loss of $5,000 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $4,000 decrease in prepaid expenses. Prepare the operating activities section-indirect method. Instructions Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method

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