Question: Prepare operating activities section of cash flow statement using Indirect Method. Using the following information: Net income 125,000, Depreciation expense 33,000, Loss on sale of

Prepare operating activities section of cash flow statement using Indirect Method.
Using the following information:

Net income 125,000,

Depreciation expense 33,000,

Loss on sale of equipment 2,000,

Increase in accounts receivable 42, 000,

Increase in inventory 54,000,

Decrease in prepaid expenses 2,000,

Decrease in accounts payable 7,000.


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