Question: please explain as well having a hard time understanding this one 19. Cash Flows from Operating Activities (indirect) (8.5 points) The following information is from
19. Cash Flows from Operating Activities (indirect) (8.5 points) The following information is from Cruz Corporation's comparative balance sheet and income statements: Net Income was $30,000 Depreciation expense was $37,600 Accounts receivable decreased $10,000 Inventory decreased $10,000 Prepaid expenses increased $1.200 Accounts payable decreased $6,000 Wages payable decreased $4,000 Income taxes payable decreased $1.200 Compute the cash flows from Operating Activities section of the statement of cash flows for Cruz using the indirect method
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