Complex corporation prepares its statement of cash flows using the indirect method to report operating activities net income for the 2024 fiscal year was 684,000. depreciation and amortization expense of 99,000 was included with operating expenses in the income statement. the following information desribes the changes in current assets and liabilities other than cash:
decrease in accounts receivable 34,000
increase in inventory 10,400
increase in prepaid expense 9,300
increase in salaries payable 11,200
decrease in income taxes payable 10,000
Required:
prepare the operating activities section of the 2024 statement of cash flows.
cash flows from operating activities
adjustments for non-cash effects
changes in operating assets and liabilities