(Solution) - The income statement for Wholly Bagel Company -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The income statement for Wholly Bagel Company for the current year ended June 30 and balances of selected accounts at the beginning and the end of the year are as follows:

Prepare the cash flows from operating activities section of the statement of cash flows, using the directmethod.