Answer Happy

Salud Company reports the following information. Selected Annual Income Statement Data Net income Selected Year-End Balance Sheet Data Depreciation expense $ 445,000 Accounts receivable increase 91,500 Prepaid expenses decrease 21,800 Accounts payable increase Wages payable decrease Gain on sale of machinery $ 43,600 17,400 7,400 2,800 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and abilities