Realtree Supplies Inc.'s current assets and liabilities at December 31, 2021 are as follows: Realtree Supplies had profit of $ 83,500 in 2021. Included in the calculation of profit is depreciation of building and equipment in the amount of $ 45,000 and amortization of a patent in the amount of $ 1,000.
Instructions
Prepare the operating section of Realtree Supplies' cash flow statement for the year ended December 31, 2021, using the indirect method.
Correct Answer:
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