Question: Prepare a statement of cash flows using the indirect method. (Note: Use a minus sign to indicate any decreases in cash or cash outflows. Refer

Prepare a statement of cash flows using the indirect method. (Note: Use a minus sign to indicate any decreases in cash or cash outflows. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.) Score: 175/179 Rosie-Lee Company Statement of Cash Flows For the Year Ended June 30, 20X2 1 Cash flows from operating activities: 2 Net income $122,400.00 3 Add (deduct) adjusting items: 4 Depreciation expense 19,800.00 5 Loss on sale of equipment 1,800.00 6 Increase in accounts receivable (18,000.00) 7 Increase in accounts payable 18,000.00 8 Net cash from operating activities

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