The two independent cases are listed below:

Case A Case B

Year 2 Year 1 Year 2 Year 1

Sales Revenue

$10,200 $5,000 $20,200 $14,000

Cost of Goods Sold

5,280 2,300 11,280 8,280

Gross Profit

4,920 2,700 8,920 5,720

Depreciation Expense

1,000 1,000 1,100 1,100

Salaries and Wages Expense

1,700 1,200 4,200 4,200

Net Income

2,220 500 3,620 420

Accounts Receivable

260 320 670 560

Inventory

710 420 690 720

Accounts Payable

720 660 880 950

Salaries and Wages Payable

960 1,120 370 430

Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

Case A Case B Case C

Net Income

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities

Depreciation

Changes in Assets and Liabilities

Accounts Receivable

Inventory

Accounts Payable

Accrued Liabilities

Net Cash Provided by Operating Activities $0 $0 $0