Prepare dolor operating activities section

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Reference no: EM13555690

The following information was collected from the most recent Income Statement and comparative Balance Sheet of Dolor Corporation:

Increase in cash

$36,000

Decrease in accounts receivable

$17,000

Increase in merchandise inventory

$44,000

Decrease in prepaid rent

$3,000

Increase in equipment

$56,000

Increase in accumulated depreciation

$18,000

Decrease in accounts payable

$25,000

Increase in salaries payable

$2,000

Increase in interest payable

$1,000

Decrease in deferred income taxes

$4,000

Increase in notes payable

$12,000

Dolor's net income for the year was $167,000. No direct exchange transactions occurred at Dolor during the year. No equipment was sold during the year. Cash dividends of $30,000 were declared and paid during the year. Dolor uses the indirect method to prepare its statement of cash flows.

Required:

Prepare Dolor's operating activities section of its statement of cash flows.

Reference no: EM13555690

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