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Prepare the cash flows from operating activities

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Reference no: EM132435923

Question - Flint Corporation had the following 2017 income statement.

Sales revenue $183,000

Cost of goods sold 117,000

Gross profit 66,000

Operating expenses (includes depreciation of $21,000) 49,000

Net income$17,000

The following accounts increased during 2017: Accounts Receivable $12,000, Inventory $12,000, Accounts Payable $12,000. Prepare the cash flows from operating activities section of Flint's 2017 statement of cash flows using the indirect method.

Reference no: EM132435923

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