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Business, 03.05.2021 14:50 studybug6170

et sales $ 1,825,000 Expenses: Cost of goods sold $ 1,060,000 Operating expenses 570,000 Depreciation expense 51,000 Income tax expense 41,000 Total expenses 1,722,000 Net income $ 103,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2021 2020 Increase (I) or Decrease (D) Cash $ 103,000 $ 85,500 $ 17,500 (I) Accounts receivable 45,100 49,500 4,400 (D) Inventory 76,000 55,500 20,500 (I) Prepaid rent 3,100 5,200 2,100 (D) Accounts payable 46,000 37,500 8,500 (I) Income tax payable 5,100 10,500 5,400 (D) Required: Prepare the operating activities section of the

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et sales $ 1,825,000 Expenses: Cost of goods sold $ 1,060,000 Operating expenses 570,000 Depreciatio...

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