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bluejean bluejean
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The following balances were gathered from Brannon Corporation's general ledger.

​December 31, 2020December 31, 2021
Accounts receivable$  60,000$  62,000
Inventory150,000147,000
Accounts payable42,00034,000
Accrued liabilities2,0008,000
Income taxes payable2,0003,000
Sales​380,000
Cost of goods sold​210,000
Operating expenses (includes $5,000 depreciation)​82,000
Gain on sale of equipment​6,000
Income tax expense​17,000
Required:

Using the indirect method, prepare the cash flows provided by operating activities section of Brannon's statement of cash flows for 2021.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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Marth6377Marth6377
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