Skysong, inc. reported net income of $196,870 for 2017. skysong, inc. also reported depreciation expense of $36,940 and a loss of $4,720 on the disposal of plant assets. the comparative balance sheets show an increase in accounts receivable of $13,760 for the year, a $16,070 increase in accounts payable, and a $4,250 increase in prepaid expenses. prepare the operating activities section of the statement of cash flows for 2017. use the indirect method.
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Skysong, inc. reported net income of $196,870 for 2017. skysong, inc. also reported depreciation exp...
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