Salud Company reports the following information. Use the
indirect method to prepare only the operating activities
section of its statement of cash flows for the year ended December
31, 2017. (Amounts to be deducted should be indicated with
a minus sign.)
Selected 2017 Income Statement Data | Selected Year-End 2017 Balance Sheet Data | |||||||
Net income | $ | 465,000 | Accounts receivable increase | $ | 40,800 | |||
Depreciation expense | 99,500 | Prepaid expenses decrease | 12,900 | |||||
Gain on sale of machinery | 24,500 | Accounts payable increase | 6,200 | |||||
Wages payable decrease | 2,700 | |||||||
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