Data for Hauser Company are presented in P12-3B.
Prepare the operating activities section of the statement of cash flows using the direct method.
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Prepare the operating activities sectionÃ¢â¬âindirect method.
The income statement of Hauser Company is presented on the next page.
1. Accounts receivable decreased $290,000 during the year, and inventory increased $140,000.
2. Prepaid expenses increased $175,000 during the year.
3. Accounts payable to merchandise suppliers increased $63,000 during the year.
4. Accrued expenses payable increased $145,000 during the year.
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2012, for Hauser Company, using the indirect method.