Business
Business, 26.06.2020 21:01, tae8002001

Cheyenne Corp. reported net income of $196,100 for 2019.Cheyenne also reported depreciation expense of $47,400 and a loss of $5,600 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $10,900 for the year, a $12,900 increase in accounts payable, and a $3,200 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2019. Use the indirect method. (Show amounts that decrease cash flow with either a -sign eg.-15,000 or in parenthesis eg. (15,000).)

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Cheyenne Corp. reported net income of $196,100 for 2019.Cheyenne also reported depreciation expense...

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