Prepare the cash flows from the operating activities section of the statement of cash flows using the

indirec

Pierce Company
Statement of Cash Flow
For the period ending December 31

Cashflow from Operating Activities

Net Income for the Period ₱ 200,000.00
Adjustments
add: Depreciation Expense ₱ 80,000.00
Decrease in Accounts Receivable ₱ 8,000.00
Decrease in Inventory ₱ 15,000.00
Increase in Prepaid Expenses -₱ 2,500.00
Decrease in Accounts payable -₱ 6,000.00
Increase in income tax payable ₱ 400.00
Net Cash provided by Operating Expenses
of cash flows using the indirect method. Use excel of word doc

₱ 294,900.00