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ACCT 202- 2020 Fall - Sec 007 Emma Tingley & 08/26/20 1:43 PM Homework: HW 02 (Chapter 13) Sav Score: 0 of 2 pts 2 of 4 (1 complete) HW Score: 25%, 2 of 8 S13-2 (similar to) Question Help Baxter Corporation began the year with accounts receivable, inventory, and prepaid expenses totaling $62,000. At the end of the year, Baxter had a total of $79,000 for these current assets. At the beginning of the year, it owed current liabilities of 546,000, and at year-end, current liabilities totaled $39,000. Net Income for the year was $84,000. Included in net income was a $3,000 gain on the sale of land and depreciation expense of $7.000 Show how Barber should report cash flows from operating activities for the year. The company uses the Indirect method. (Use parentheses or a minus sign for numbers to be subtracted) Baxter Corporation Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended Cash flows from opening activities: Adjustments to reconcile net income to net cash provided by oper wing activities: Net cash provided by used for operating activities Choose from any lot or enter any number in the input fields and then click Check Answer All parts showing Clear A Check Answer 88 $ % 5 & 7 6 8 9 0