The following information related to comparative balance sheets is available for

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The following information related to comparative balance sheets is available for Metro Corporation:

Additional selected information from the income statement was also provided: 1. Depreciation expense of $20,000 2. A loss on sale of equipment $3,500 3. Net income $122,000 Prepare the cash flows from operating activities using the indirect method

Increase in cash 50,000 Decrease in accounts recievable (15,000) Decrease in inventory (25,000) Increase in prepaid insurance 11,000 Increase in accounts payable 10,000

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The following information related to comparative balance sheets is available for

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