Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method.
The current sections of Sanford Inc.%u2019s balance sheets at December 31 2013 and 2014 are presented here. Sanford%u2019s net income for 2014 was $153000.
Depreciation expense was $27000.
Prepare the operating activities section%u2014indirect method.
Total current assets
Accrued expenses payable
Total current liabilities
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