Question: The following is provided to complete the operating activities section of a statement of cash flows (CF), indirect method.
a. Net income for the year is $43,900.
b. Accounts receivable increased by $10,420.
c. Inventory increased by $1,875.
d. Depreciation expense for the year is $8,000.
e. Accounts payable decreased by $5,782.
f. Other current liabilities increased by $3,500.
g. Taxes payable decreased by $1,970