Remaining Time: 1 hour, 19 minutes, 00 seconds. Question Completion Status: QUESTION 14 Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement Sales Cost of goods sold For Year Ended December 31, 2019 90,000 52,000 Accounts receivable 38,000 Balance 10 points Save Answer December 31, 2019 December 31, 2018 Gross profit from sales Operating expenses: Salaries expense 13,800 12,000 12,500 Merchandise inventory 11,150 10,000 Depreciation expense 3,500 Rent expense 3,600 Prepaid rent Interest expense 275 200 950 20,550 Income from operations 17,450 + Loss on sale of land Net income 1.750 Accounts payale 13,550 13,000 15,700 Salaries payable 5,200 4,500 Interest payable 150 125 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial V 14px A V Ix Click Save and Submit to save and submit. Click Save All Answers to save all'answers. 040 www