The Income Starement and selected balance sheet information for calamders incorportated for the year ended December 31 are presented below. prepare the cash flows from operating activities section of the statement of cash flows using the indirect method

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Proctoring Enabled: Exam 4 1 Saved The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below. Income Statement Sales Revenue $ 74,099 Expenses: Cost of Goods Sold 34,000 Depreciation Expense 15,600 800.3824 Salaries and Wages Expense 9,600 Rent Expense 2,100 Insurance Expense 1,100 Interest Expense 1,000 Utilities Expense 800 Net Income $9,800 Selected Balance Sheet Accounts Ending Beginning Balances Balances Inventory $450 $530 Accounts Receivable 1,600 1,340 Accounts Payable 1,340 1,580 Salaries and Wages Payable 590 320 Utilities Payable 120 0 Prepaid Rent 70 110 60 70 Prepaid Insurance Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) CALENDARS INCORPORATED Statement of Cas Proctoring Enabled: Exam 4 1 Saved The income statement and selected balance sheet information for Calendars Incorporated for the year ended December 31 are presented below. Income Statement Sales Revenue $ 74,099 Expenses: Cost of Goods Sold 34,000 Depreciation Expense 15,600 800.3824 Salaries and Wages Expense 9,600 Rent Expense 2,100 Insurance Expense 1,100 Interest Expense 1,000 Utilities Expense 800 Net Income $9,800 Selected Balance Sheet Accounts Ending Beginning Balances Balances Inventory $450 $530 Accounts Receivable 1,600 1,340 Accounts Payable 1,340 1,580 Salaries and Wages Payable 590 320 Utilities Payable 120 0 Prepaid Rent 70 110 60 70 Prepaid Insurance Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) CALENDARS INCORPORATED Statement of Cas