16-4A Accounting Carl S Warren 28E

Determining Cash Flows from operating Activities

Featherstone Inc. reported the following data

Net Income 296,000

Depreciation Expense 113,100

Gain on Disposal of equipment 58,200

Decrease In Accounts Receivable 71,300

Decrease In Accounts Payable 27,100

Prepare Cash Flows from operating activities section of the statement of cash flows, using the indirect method