4 MA FILLA Current Attempt in Progress Use the following information to perform the calculations below...

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4 MA FILLA Current Attempt in Progress Use the following information to perform the calculations below (using the indirect method). Net income $510,000 Beginning accounts payable $116,000 Depreciation expense 91,000 Ending accounts payable 153,000 Beginning accounts receivable 425,500 Purchase of long-term assets 780,000 Ending accounts receivable 440,000 Issuance of long-term debt 276,000 Beginning inventory 530,000 Issuance of stock for cash 160,000 Ending inventory 573,000 Issuance of stock for long-term assets 102,000 Beginning prepaid insurance 43,600 Purchase of treasury stock 61,500 Ending prepaid insurance 49,400 Sale of long-term investment at cost 51,500 W4 MA FILLA (a) Your answer is correct. Calculate the amount of cash flows from operating activities. (Show amount that decrease cash flow with either a-sign es-15,000 or in parenthesis eg. (15,000).) Cash flows from operating activities $ 574700 eTextbook and Media (b) Your answer is incorrect. Calculate the amount of cash flows from investing activities. (Show amount that decrease cash flow with either a-sign eg.-15,000 or In parenthesis eg. (15,000).) Cash flows from investing activities eTextbook and Media 4 MA FILLA Current Attempt in Progress Use the following information to perform the calculations below (using the indirect method). Net income $510,000 Beginning accounts payable $116,000 Depreciation expense 91,000 Ending accounts payable 153,000 Beginning accounts receivable 425,500 Purchase of long-term assets 780,000 Ending accounts receivable 440,000 Issuance of long-term debt 276,000 Beginning inventory 530,000 Issuance of stock for cash 160,000 Ending inventory 573,000 Issuance of stock for long-term assets 102,000 Beginning prepaid insurance 43,600 Purchase of treasury stock 61,500 Ending prepaid insurance 49,400 Sale of long-term investment at cost 51,500 W4 MA FILLA (a) Your answer is correct. Calculate the amount of cash flows from operating activities. (Show amount that decrease cash flow with either a-sign es-15,000 or in parenthesis eg. (15,000).) Cash flows from operating activities $ 574700 eTextbook and Media (b) Your answer is incorrect. Calculate the amount of cash flows from investing activities. (Show amount that decrease cash flow with either a-sign eg.-15,000 or In parenthesis eg. (15,000).) Cash flows from investing activities eTextbook and Media