Question: please help urgently. only 11 mins left Bramble Limited reported a net income of $787,000 for the year ended December 31, 2024. Depreciation expense recorded


Bramble Limited reported a net income of $787,000 for the year ended December 31, 2024. Depreciation expense recorded on buildings and equipment was $267,000 for the year. Balances of the current assets and current liablities accounts at the beginning and end of the year are as follows: Using the indirect method, prepare the operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign es. 25,000 or in parenthesis es. (25,000) ) BRAMBLE LIMITED Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash Flows from Operating Activities Net Income / (Loss) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 267000 Decrease in Accounts Receivable 6900 Decrease in Inventory 6700 Increase in Prepaid Expenses 6900 Decrease in Accounts Payable 3000 Increase in Income Tax Payable 490 Net Cash Prowided by Operating Activities Depreciation Expense Decrease in Accounts Receivable Decrease in Irventory Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Income Tax Payable Net Cash Provided by Operating Activities 267000 6900 6700 16900 3000 490
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