1.) Private Inc. reported the following data for

2020.

Income Statement
Net income	$77,000
Amortization expense	12,000
Balance sheet
Increase in Accounts Receivable	11,000
Decrease in Accounts Payable	6,500

Compute Private Inc.'s net cash inflow (outflow) from operating activities using the indirect method.

2.) Witbey Dance Academy Ltd.'s year-end is February 28. The accounting records at March 31,

2020, include the selected accounts shown below.

Required

1.	Compute Witbey Dance Academy Ltd.'s net cash inflow or outflow from operating activities during the month ended March 31, 2020. Use the indirect method.
2.	Does the business have trouble collecting receivables or selling inventory? How can you tell?