Baxter Corporation began the year with accounts receivable, inventory, and prepaid expenses totaling $66,000. At the end of the year, Baxter had a total of $77,000 for these current assets. At the beginning of the year, it owed current liabilities of $46,000, and at year-end, current liabilities totaled $40,000. Net income for the year was $89,000. Included in net income was a $3,000 gain on the sale of land and depreciation expense of $7,000 Show how Baxter should report cash flows from operating activities for the year. The company uses the indirect method. (Use parentheses or a minus sign for numbers to be subtracted) 1. Calculating inflation using a simple price Index Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student's annual purchases. Suppose the following table shows information on the market basket for the CSP and the prices of each of the goods in 2017, 2018, and 2019. The cost of each item in the basket and the total cost of the basket are shown for 2017, Perform these same calculations for 2018 and 2019, and enter the results in the following table