The two independent cases are listed below Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable $11,200 $10,000 $21,200 $19,000 6,180 6,300 12,180 11,680 5,020 3,700 9,020 7,320 1,200 1,200 1,600 1,600 2,300 1,800 5,200 5,200 520 610 820 880 270 1,520 310 760 820 1,010 420 520 710 1,220 700 2,220 770 740 820 210 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 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities

Question
The two independent cases are listed below
Case A
Case B
Year 2 Year 1 Year 2 Year 1
Sales Revenue
Cost of Goods Sold
Gross Profit
Depreciation Expense
Salaries and Wages Expense
Net Income
Accounts Receivable
Inventory
Accounts Payable
Salaries and Wages Payable
$11,200 $10,000 $21,200 $19,000
6,180 6,300 12,180 11,680
5,020 3,700 9,020 7,320
1,200 1,200 1,600 1,600
2,300 1,800 5,200 5,200
520
610
820
880
270
1,520
310
760
820
1,010
420
520
710
1,220
700 2,220
770
740
820
210
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
Adjustments to Reconcile Net Income to
Net Cash Provided by Operating Activities
Changes in Assets and Liabilities
Expand
Transcribed Image Text

The two independent cases are listed below Case A Case B Year 2 Year 1 Year 2 Year 1 Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable $11,200 $10,000 $21,200 $19,000 6,180 6,300 12,180 11,680 5,020 3,700 9,020 7,320 1,200 1,200 1,600 1,600 2,300 1,800 5,200 5,200 520 610 820 880 270 1,520 310 760 820 1,010 420 520 710 1,220 700 2,220 770 740 820 210 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 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Changes in Assets and Liabilities

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