Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. $192,000 40,960 Ne

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Revise Your Worksheet To Reflect These Updated Assumptions And Then Answer The Questions That Follow 192 000 40 960 Ne 1 (26.26 KiB) Viewed 3 times

Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. $192,000 40,960 Net income Depreciation expense Sale of land Accounts receivable Supplies Prepaid rent Accounts payable Salaries payable Income tax payable Operating Activities: Net income Depreciation expense Book value $238,000 Net operating cash flows Beginning $30,720 10, 240 7,680 Beginning $21,760 23,040 25,600 $ Selling price $207,360 Ending $46,080 6,400 11,520 Required: 1. Use your spreadsheet to recalculate the Operating Activities section of the Statement of Cash Flows: (Amount to be deducted should be indicated by a minus sign.) 0 Ending $16,640 14,080 33,280