Produce Operating activities cash flow using indirect and direct method.

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College of the Holy Cross Intermediate Accounting I Cash Flow Problem The following information is available for the Baldiga Bakery: Baldiga Bakery Income Statement For the period ended Dec. 31, 2016 Revenue 2,850,000 Net Sales 104,000 Dividend income 70,000 Interest income Gain on sale of securities 3,028,000 Total revenues and gains Costs and expenses Cost of goods sold 1,550,000 Operating expenses 980,000 185,000 Interest expense 110,000 2,825,000 Income taxes Net income Selected account balances: 650,000 AVR Accrued int, receivable 9,000 800,000 Inventories Short-term prepayments 20,000 570,000 Trade AVP Accrued operating expenses 65,000 Accrued interest payable 21,000 Accrued inc. tax payable 22,000 Dividend revenue is recorded as received (cash basis). Operating expenses include depreciation expense of S115,000 720,000 6,000 765,000 15,000 562,000 94,000 12,000 35,000