Question: Cash flows from operating activities for both the indirect and direct methods are presented for Electronic Transformations.
![1138_CF.png](https://secure.tutorsglobe.com/CMSImages/1138_CF.png)
Required: Complete the following income statement for Electronic Transformations. Assume all accounts payable are to suppliers.
![1110_IS.png](https://secure.tutorsglobe.com/CMSImages/1110_IS.png)
Use the calculations on the next page and work backwards from bottom (in red) to top for each item
![1426_Revenues.png](https://secure.tutorsglobe.com/CMSImages/1426_Revenues.png)