10 Requirement: 11 Calculate net cash flow provided (used) from operating activities using the indirect method. The cash flow must be presented in the proper format to receive full credit. 12 13 14 Data: 15 12/31/2019 12/31/2020 16 Cash $25,000 $10,000 17 Account receivable $50,000 $85,000 18 Inventory $82,000 $50,000 19 Prepaid rent $12,000 $11,000 20 Plant assets (PPE), net $50,000 $41,750 21 Accounts payable $26,000 $20,000 22 Income tax payable. $40,000 $55,000 23 Accrued liabilities $15,000 $20,000 24 25 Depreciation expense $8.250 26 Net income $152.000 27 28 29 30 31 Net income Adjustments: Net cash provided (used) by operating activities $152,000 $152,000 -0 -0 -0 -0 -0 0000000