3. Northrup, Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from operating activities using the indirect method (12 points): Net income Gain on the sale of equinment Proceeds from the sale of equipment Depreciation expense - eauinment Payment of bonds at maturity Purchase of land Issuance of common stock Increase in merchandise inventory Decrease in accounts receivable Increase in accounts pavable Payment of cash dividends S182.000 12.300 92.300 50.000 100.000 200.000 300.000 35.400 28.800 23.700 32.000 Cash Flows From Operating Activities