For the Year Ended December 31,2015,the Following Information Is Available
Question 130
Question 130
Essay
For the year ended December 31,2015,the following information is available for the Kansas Company: Sales Cost of goods sold Depreciation expense Amortization expense Wage expense Rent expense Loss on sale of fixed assets Interest expense Income taxexpense Total expenses Net income 662,00016,0003,00091,0004,0002,00013,00038,000$891,000829,000$62,000 Cash Accounts receivable Inventory Prepaid rent Accounts payable Wages payable Taxes payable December 31,2014 $10,000$10,000$20,000$2,000$22,000$12,000$2,000 December 31,2015$12,800$19,200$14,100$1,700$24,400$11,300$3,100 Required: Prepare the operating activities section of the statement of cash flows for the year ending December 31,2015.Use the indirect method.
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