Question: Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement Balance
Use the following information to prepare the operating activities section of the statement of cash flows using the indirect method. Wonder Company Income Statement Balance For Year Ended December 31, 2019 Sales 270,000 Cost of goods sold 150.000 Accounts receivable Gross profit from sales 114,000 December 31, 2019 December 31, 2018 41,400 36.000 Operating expenses Merchandise inventory 33.450 30.000 Salaries expense 37.500 Depreciation expense 10.300 Rant expense 10.800 Prepaid rent 8251 600 interest expense 2.850 $1.450 ncome from operacions Loss on sale of land That income 52.350 5250 Accounts payale 0650 39.000 47.100 Salaries payable 15.500 1350 interest payable 450 3751
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