Baxter Company reported a net loss of $16,015 for the year ended December 31. During the year, accounts receivable decreased by $5,306, merchandise inventory increased by $10,638, accounts payable increased by $8,500, and depreciation expense of $5,375 was recorded. During the year, operating activities under the indirect method a. used net cash of $7,472 b. provided net cash of $7,472 c. provided net cash of $16,015 d. used net cash of $16,015 A company had net income of $255,099. Depreciation expense was $20,726. During the year, accounts receivable and inventory increased by $15,576 and $36,470, respectively. Prepaid expenses and accounts payable decreased by $2,786 and $6,996, respectively. There was also a loss on the sale of equipment of $6,287. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method? a. $225,856 b. $265,428 c. $213,282 Od. $282,112 Cash dividends of $77,185 were declared during the year. Cash dividends payable were $9,401 at the beginning of the year and $15,471 at the end of the year. The amount of cash for the payment of dividends during the year is a. $86,586 b. $71,115 c. $77,185 d. $102,057 A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $27,175 representing a gain of $3,445. The value in the operating activities section regarding this event would be a. $3,445 b. $23,730 c. $30,620 d. $27,175