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The income statement of Kingbird Company is shown below. $6,770,000 KINGBIRD COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECE

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KINGBIRD COMPANY
Cash Flow Statement (Partial)
For the year ended december 31 2017
Cash Flow from Operating Activities:
Net Income $        430,000.00
Add: Adjustments to reconcile net income to
Net cash from operating activities
Depreciation expense $        70,000.00
Decrease in Accounts receivables $      290,000.00
Increase in prepaid expense $    (170,000.00)
Decrease in Inventory $      300,000.00
Decrease in Accounts payable $    (300,000.00)
Decrease in accrued expense $    (140,000.00)
$          50,000.00
A. Cash Flow from Operating Activities $        480,000.00
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