Question: Prepare a cash flow statement for Johnson & Johnson for the year ended December 31, 20X4, using the indirect method. Use the following information: Net

Prepare a cash flow statement for Johnson & Johnson for the year ended December 31, 20X4, using the indirect method. Use the following information:

  • Net income: $1,500,000
  • Depreciation expense: $300,000
  • Increase in accounts receivable: $100,000
  • Increase in accounts payable: $200,000

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