Computing Net Cash Flow from Operating Activities}

Brandon Inc. reported the following items in its statement of financial position and statement of earnings: net income, \(\$ 92,600\); gain on disposal of equipment, \(\$ 15,800\); increase in accounts receivable, \(\$ 17,400\); decrease in accounts payable, \(\$ 27,900\); and increase in common shares, \(\$ 50,000\).

\section*{Required:}

Compute the net cash flows from operating activities using the indirect method.

\section*{Cornerstone Exercise