Use the following information from Dubuque Company's financial statements. From the Dec.31, 2018 balance sheet, changes from prior year: Accounts Receivable $8,600 Inventory 3,400 Prepaid Insurance...


Use the following information from Dubuque Company's financial statements.<br>From the Dec.31, 2018 balance sheet, changes from prior year:<br>Accounts Receivable<br>$8,600<br>Inventory<br>3,400<br>Prepaid Insurance<br>(2,200)<br>Accounts Payable<br>(4,000)<br>Sales Tax Payable<br>1,900<br>From the 2018 Income Statement:<br>Gain From Sale of Investments<br>$12,000<br>Depreciation Expense<br>26,500<br>Net Income<br>79,300<br>Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in<br>cash or cash payments.<br>Dubuque Company<br>Partial Statement of Cash Flows (Indirect Method)<br>For the Year Ended December 31, 2018<br>Operating Activities:<br>Net Income<br>Depreciation Expense<br>Gain From Sale of Investments<br>Accounts Receivable,<br>Inventory<br>%24<br>

Extracted text: Use the following information from Dubuque Company's financial statements. From the Dec.31, 2018 balance sheet, changes from prior year: Accounts Receivable $8,600 Inventory 3,400 Prepaid Insurance (2,200) Accounts Payable (4,000) Sales Tax Payable 1,900 From the 2018 Income Statement: Gain From Sale of Investments $12,000 Depreciation Expense 26,500 Net Income 79,300 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Dubuque Company Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Net Income Depreciation Expense Gain From Sale of Investments Accounts Receivable, Inventory %24

Jun 03, 2022
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