Required: Use the indirect method to prepare the operating activies section of Crur's statement of cash flows Note: Amounts to be deducted should be indiented with a minus sign. Required: Use the indirect method to prepare the operating activities section of Crur's statement of cash flows. Note: Amounts to be deducted should be Indicated with a minus sign. QS 16-8 (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $22,000. During the year, furniture costing $56,500 was sold for its book value on December 31, Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture. QS 16-8 (Algo) Computing cash from asset sales LO P3 The following information is from Ellerby Company's comparative balance sheets. The current year income statement reports depreciation expense on furniture of $22,000. During the year, furniture costing $56,500 was sold for its book value on December 31 , Current Year. Complete the general ledger accounts to calculate cash received from the sale of furniture. A comparative balance sheet and income statement is shown for Cruz, Incorporated. Required: Use the indirect method to prepare the operating activities section of Cruz's statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign