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Case A Case B Yr2 Yr1 Yr2 Yr1 sales rev 10500 6500 20500 15500 Cost of Good Sold 5550 3500 11550 9050 Gross Profit 4,950 3,000 8,950 6,450

 Case A Case B

Yr2 Yr1 Yr2 Yr1

sales rev 10500 6500 20500 15500

Cost of Good Sold 5550 3500 11550 9050

Gross Profit  4,950   3,000   8,950   6,450   

Depreciation Expense  1,000   1,000   1,250   1,250 

 Salaries and Wages Expense  2,000   1,500   4,500   4,500   

Net Income  1,950   500   3,200   700   

Accounts Receivable  275   350   700   575  

 Inventory  725   450   705   750 

  Accounts Payable  750   675   850   920 

  Salaries and Wages Payable  975   1,150   325   400


Show the operating activities section of the statement of cash flows for year 2 using the indirect method. Deductions should be noted with minus sign.

I've tried all of yr2 values just plugging them into to X positions and that didn't work. I'm not sure if they need to be positive or if I'm just completely off base. Please show me how to get these values. Thanks



Case A Case B

Net Income

$1950 $3200


Adjustments to Reconcile Net Income

to Net Cash Provided by Operating Activities


Depreciation Expense $1,000 $1,250


Changes in Assets and Liabilities

Accounts Receivable X X

Inventory x x

Salaries and Wages Payable X X

Salaries and Wages Expense X X

Net Cash Provided by Operating Activities


  

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