Question: Please fill the empty cell in this problem. It is the only thing I need. Metlock Corporation had the following 2025 income statement. Sales revenue

Please fill the empty cell in this problem. It is the only thing I need.

Please fill the empty cell in this problem. It is
Metlock Corporation had the following 2025 income statement. Sales revenue $189,000 Cost of goods sold 129,000 Gross profit 60,000 Operating expenses (includes depreciation of $20,000) 54,000 Net income $6,000 The following accounts increased during 2025: Accounts Receivable $14,000, Inventory $10,000, and Accounts Payable $ 12,000. Prepare the cash flows from operating activities section of Metlock's 2025 statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) METLOCK CORPORATION Statement of Cash Flows-Indirect Method (Partial) For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income 6000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 20000 Increase in Accounts Receivable -14000 Increase in Inventory 10000 Increase in Accounts Payable 12000 Net Cash Provided by Operating Activities 14000 eTextbook and Media

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!