The income statement of Rodriquez Company is shown below.Additional information:1. Accounts receivable decreased $310,000 during the year.2. Prepaid expenses increased $170,000 during the year.3. Accounts payable to suppliers of merchandise decreased $275,000 during the year.4. Accrued expenses payable decreased $120,000 during the year.5. Administrative expenses include depreciation expense of $60,000.Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2010, for Rodriquez Company, using the indirectmethod.View Solution:
The income statement of Rodriquez Company is shown below



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