Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided...
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Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: Income Statement for Current Year Service revenue Expenses Salaries Depreciation Amortization of copyrights Other expenses Net loss Partial Balance Sheet Accounts receivable $ 54,000 $ 46,000 4,500 200 9,700 60,400 $ (6,400) Current Year Prior Year $ 8,000 12,000 1,000 $ 13,000 1,000 2,800 Salaries payable Other accrued liabilities In addition, Rodriguez bought a small service machine for $5,000. Required: 1.Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method. Note: List loss amount and cash outflows as negative amounts. RODRIGUEZ COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information: Income Statement for Current Year Service revenue Expenses Salaries Depreciation Amortization of copyrights Other expenses Net loss Partial Balance Sheet Accounts receivable $ 54,000 $ 46,000 4,500 200 9,700 60,400 $ (6,400) Current Year Prior Year $ 8,000 12,000 1,000 $ 13,000 1,000 2,800 Salaries payable Other accrued liabilities In addition, Rodriguez bought a small service machine for $5,000. Required: 1.Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method. Note: List loss amount and cash outflows as negative amounts. RODRIGUEZ COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities:
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