Sales CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 332,400 213,900 118,500 60,700 25,600 32,200 11,800 $ 20,400 Required: Use the indirect method to prepare the operating activities section of Cruz's statement of cash flows. Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. ☑ Open Excel in new tab Activate

Use the following information from Albuquerque Companys financial statements to determine operating net cash flows (indirect method).

Use the following information from Acorn Companys financial statements to determine operating net cash flows (indirect method).

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

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Which item is added to net income when computing cash flows from operating activities? a. Gain on the disposal of property, plant, and equipment b. Increase in wages payable c. Increase in inventory d. Increase in prepaid rent Use the following information for Multiple-Choice Questions 11-9 and 11-10: Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received from the sale of equipment, $14,800; cash paid to purchase an investment, $20,000; cash paid to retire a note payable, $50,000; and cash collected from sales to customers, $225,000.

Create a cashflow statement with the following