Solution-Prepare the net cash, Prepare the net cash

Prepare the net cash

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The current sections of Sanford Inc.'s balance sheets at December 31, 2013 and 2014, are presented here.

Sanford's net income for 2014 was $378,828.

Depreciation expense was $66,852.

2014 2013 Current assets Cash $259,980 $ 245,124

Accounts receivable 198,080 220,364

Inventory 415,968 425,872

Prepaid expenses 66,852 54,472

Total current assets $940,880 $945,832

Current liabilities Accrued expenses payable $ 37,140 $ 12,380

Accounts payable 210,460 227,792

Total current liabilities $247,600 $ 240,172

Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2014, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Reference no: EM131146519

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Prepare the net cash

Reference no: EM131146519

Reference no: EM131146519

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