(Solved): Wayne Company reported net income of $265,000 for 2020 . Wayne also reported depreciation expense o ...

Wayne Company reported net income of

for 2020 . Wayne also reported depreciation expense of

and a loss of

on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of

for the year, a

increase in accounts payable, and a

decrease in prepaid expenses. Instructions Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method.