Company's Year 2 and Year 1 year- end balance sheets. Account Title Accounts receivable Prepaid rent Utilities payable Other operating expenses payable Year 2 $57,000 1,100 900 21,300 Year 1 $62,000 1,300 750 22,400 The Year 2 income statement is shown next. Income Statement Sales Rent expense Utilities expense Other operating expenses Net Income $268,000 (36,000) (18,300) (79,100) $134,600 Required a. Prepare the operating activities section of the statement of cash flows using the direct method. b. Prepare the operating activities section of the statement of cash flows using the Indirect method.
Complete this question by entering your answers in the tabs below. Required A Required B Prepare the operating activities section of the statement of cash flows using the direct method. (Cash outflows should be Indicated with a minus sign.). Direct Method Cash flows from operating activities: Net cash flow from operating activities Recure Required B
Complete this question by entering your answers in the tabs below. Required A Required B eBook Prepare the operating activities section of the statement of cash flows using the indirect method. (Cash outflows should be Indicated with a minus sign.) 224_Su 2022 Ha... Hint References Indirect Method Cash flow from operating activities Plus Proposal Schedule Less Net cash flow from operating activities Required A Nani
Check my work The following accounts and corresponding balances were drawn from Jogger Check my work The following accounts and corresponding balances were drawn from Jogger Company's Year 2 and Year 1 year-
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