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Annapolis Company Reported Net Income of $365,000 for the Current

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Annapolis Company reported net income of $365,000 for the current year. Depreciation recorded on buildings and equipment amounted to $73,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Annapolis Company reported net income of $365,000 for the current year. Depreciation recorded on buildings and equipment amounted to $73,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:   Instructions Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. Instructions
Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method.


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