Reference no: EM133012075
Question - Capaz Company completed its statement of earnings and statement of financial position for 2021 and provided the following information:
Statement of Earnings for 2021 Service revenue $53,000
Expenses
Salaries $42,200
Depreciation 7,500
Amortization of copyrights 7,200
Other expenses 1,900 58,800
Net earnings (loss) $(5,800)
Partial Statement of Financial Position 2021 2020
Accounts receivable $8,300 $20,500
Salaries payable 20,500 11,300
Other accrued liabilities 1,300 5,500
In addition, Capaz bought a small service machine for $5,200.
Required - Present the operating activities section of the statement of cash flows for Capaz Company using the indirect method.
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