GreenGarden Company reports the following information for its recent calendar year.
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Business, 04.03.2020 20:42 deannajd03
GreenGarden Company reports the following information for its recent calendar year.
Annual Income Statement Data Selected Year-End Balance Sheet Data
Sales $48,000 Prepaid expenses increase $4,000
Expenses Inventory increase 600
Cost of goods sold 20,000 Accounts payable decrease 1,800
Wages expense 12,700
Amortization expense 1,800
Net income $13,500
Prepare the operating activities section of the statement of cash flows for GreenGarden using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
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