Use the information provided, prepare the Operating activities section of the statement of cash flows using the indirect method.

Cash	45,000 increase			Accounts Payable	81,000 decrease
Accounts Receivable	25,000 decrease			Unearned Revenue	8,000 increase
Inventory	80,000 increase			Long Term Notes Payable	35,000 increase
Office Supplies	1,100 decrease
Depreciation Expense	10,500			Gain on Sale of Trucks	2,500
Net Income	61,500

 

Description	Amount	Total
Subcategory,Cash Flows from Operating Activities:
Subcategory,Adjustments to reconcile net income to net cash
	Single line	Single line
Total Adjustment		Single lineSingle line
Net Cash Provided by Operating ActivitiesNet Cash Used by Operating Activities		Single lineDouble line