The following information pertains to Satellite Company:

Required:
Present the operating activities section of the statement of cash flows for Satellite Company using the indirectmethod.

Transcribed Image Text:

Income Statement for 2012 Sales $85,000 Expenses Cost of goods sold Depreciation expense Salaries expense $51,875 8,500 12,000 72,375 $12,625 Net income Partial Balance Sheet 2012 2011 $10,500 $12,000 Accounts receivable Inventory Salaries payable 14,000 8,000 1,750 800