E23-4 The income statement of Rodriquez Company is shown below.
E23-4 (Preparation of Operating Activities Section—Direct Method) Data for the Rodriquez Company
|For the Year Ended December 31, 2012|
|Cost of goods sold|
|Goods available for sale||6,300,000|
|Cost of goods sold||4,700,000|
Prepare the operating activities section of the statement of cash flows using the direct method.