Superb Professors

Case A
Case B
Yr2 Yr1 Yr2 Yr1
sales rev 10500 6500 20500 15500
Cost of Good Sold 5550 3500 11550 9050
Gross Profit  4,950   3,000   8,950   6,450
Depreciation Expense  1,000   1,000   1,250   1,250
Salaries and Wages Expense  2,000   1,500   4,500   4,500
Net Income  1,950   500   3,200   700
Accounts Receivable  275   350   700   575
Inventory  725   450   705   750
Accounts Payable  750   675   850   920
Salaries and Wages Payable  975   1,150   325   400
Show the operating activities section of the statement of cash flows for year 2 using the indirect method. Deductions should be noted with minus sign.
I’ve tried all of yr2 values just plugging them into to X positions and that didn’t work. I’m not sure if they need to be positive or if I’m just completely off base. Please show me how to get these values. Thanks
Case A Case B
Net Income
$1950 $3200
Adjustments to Reconcile Net Income
to Net Cash Provided by Operating Activities
Depreciation Expense $1,000 $1,250
Changes in Assets and Liabilities
Accounts Receivable X X
Inventory x x
Salaries and Wages Payable X X
Salaries and Wages Expense X X
Net Cash Provided by Operating Activities
 
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