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Net incom1 - (1,295 Cash provided by operating activities $...

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Net income $ 6,300 Adjustments to reconcile net income to cash Depreciation expense 14,400 Loss on sale of equipment 3,000 Changes in current accounts Decrease in accounts receivable 663 Increase in inventory (107) Increase in prepaid expenses (142) Decrease in accounts payable (919) Decrease in salaries payable 320 Decrease in accrued expenses
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Unformatted text preview: (1,295) Cash provided by operating activities $ 22,220 Investing activities and financing activities The investing and financing sections of the statement of cash flows are prepared in the same way for the indirect method as for the direct method....
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