Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 71

Computing Cash Flows from Operating Activities (Indirect Method)
The income statement and selected balance sheet information for Hamburger Heaven for the year ended December 31, 2013, are presented below.

TIP: Prepaid Rent decreased in 2013 because the amount taken out of Prepaid Rent (and subtracted from net income as Rent Expense) was more than the amount paid for rent in cash during 2013.
Required:
Prepare the cash flows from operating activities section of the 2013 statement of cash flows using the indirect method.