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Cash flows from operating activities-indirect method

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Cash flows from operating activities, indirect method

For the year ended June 30, 2010, net income for Soak Company was $7,400. Depreciation expense was $2,000. During the year, Accounts Receivable increased by $4,400, Inventories increased by $7,000, Prepaid Rent decreased by $1,400, Accounts Payable increased by $14,000, Salaries Payable increased by 41,000and Income taxes Payable decreased by $600.

Prepare a schedule of cash flows from operating activities using the indirect method.

Reference no: EM13343388

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