Solution-Prepare the operating activities section of the

Prepare the operating activities section of the statement

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Reference no: EM133080757

Question - Tabele Limited reported a net income of $428,000 for the year ended December 31, 2022. Depreciation expense recorded on buildings and equipment was $154,000 for the year. Balances of the current assets and current liabilities accounts at the beginning and end of the year are as follows:

Cash	$112,000	$148,000
Accounts Receivable	$22,500	$14,400
Inventory	$38,000	$42,000
Prepaid Expenses	$7,200	$14,000
Accounts Payable	$33,000	$21,000
Income Tax Payable	$1,500	$2,700

Required - Using the indirect method, prepare the operating activities section of the statement of cash flows.

Reference no: EM133080757

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Prepare the operating activities section of the statement

Reference no: EM133080757

Reference no: EM133080757

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