1) The adjusted trial balances for a firm, at December 31, 2011 and 2010 are as follows: Additional information: No plant assets were sold in 2011. The firm allocates depreciation expense to other operating expense accounts. December 31 2011 2010 Debits: Cash Accounts receivable Inventory Property, plant and equipment Unamortized bond discount Cost of goods sold Selling expenses General and administrative expense Interest expense Income tax expense $35,000 33,000 31,000 100,000 4,500 250,000 141,500 137,000 4,300 20 400 $756,700 $32,000 30,000 47,000 95,000 5,000 380,000 172,000 151,300 2,600 61 200 $976,100 Credits: Allowance for doubtful accounts Accumulated depreciation Trade accounts payable Income taxes payable Future income tax liability 8% callable bonds payable Common shares Other contributed capital Retained earnings Sales $1,300 16,500 25,000 21,000 5,300 45,000 50,000 9,100 44,700 538 800 $756,700 $1'100 15,000 17,500 27,100 4,600 20,000 40,000 7,500 64,600 778 700 $976,100 Required: Determine the firm's 2011 net cash flow from operating activities using the indirect method. (17pts)