(Answered) Question - bracewell company reported net income of 199660

Accounting

Question - Bracewell Company reported net income of $199,660 for 2014. Bracewell also reported depreciation expense of $46,810 and a gain of $4,540 on disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of $9,290 for the year, a $12,170 increase in accounts payable, and a $4,280 decrease in prepaid expenses.

Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method.

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