Business, 19.07.2020 14:01 ragadbat

Portions of the financial statements for C. Ruiz Inc. are provided below. C. Ruiz Inc.
Income Statement
For the Year Ended December 31, 2018
Revenues $613,000
Expenses:
Cost of goods sold $360,000
Operating expenses 116,000
Depreciation expense 33,000
Income tax expense 52,000
Total expenses 561,000
Net Income $52,000
Requirement:
Prepare the cash flows from operations section of C. Ruiz Inc.'s 2018 statement of cash flows using the indirect method.

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Portions of the financial statements for C. Ruiz Inc. are provided below. C. Ruiz Inc.
Incom...