Problem 11-3B Calculate operating activities—indirect method (LO11-3) Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2021 Net sales         $ 710,000     Expenses:                 Cost of goods sold $ 420,000             Operating expenses   130,000             Depreciation expense   33,000             Income tax expense   49,000             Total expenses           632,000     Net income         $ 78,000         SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 10,000   Decrease in inventory   13,000   Increase in prepaid rent   3,000   Decrease in salaries payable   4,000   Increase in accounts payable   7,000   Increase in income tax payable   8,000       Required: Prepare the operating activities section of the statement of cash flows for Software Associates using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

Use a spreadsheet and the following financial information from Mineola Companys financial statements to build a template that automatically calculates the net operating cash flow. It should be suitable for use in preparing the operating section of the statement of cash flows (indirect method) for the year 2018.

Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance sheets for 2019: Required: Prepare a statement of cash flows for Volusia using the indirect method to compute net cash flow from operating activities.

Use the following excerpts from Unigen Companys financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018.