(Answered) 1 azen company reported net income of 190000 for 2012 azen

Accounting

1. Azen Company reported net income of $190,000 for 2012. Azen also reported depreciation expense of $35,000 and a loss of $5,000 on the sale of equipment. The comparative balance sheet shows an increase in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $4,000 increase in prepaid expenses.

Instructions

Prepare the operating activities section of the statement of cash flows for 2012. Use the indirect method.

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