Cash 500,000 Jul 1 Jul 1 Accounts receivable 19,000 Collections 495,000 486,000 10,000 Sales 6,000 Payments 495,000 1,000 Receipts Jul 31 Jul 31 335,000 Payments Accounts payable 328,000 Jul 1 Purchases Inventory 26,000 Cost of goods sold 336,000 27,000 Jul 1 12,000 336,000 20,000 Purchases Jul 31 Jul 31 Retained earnings 20,000 Jul 1 Dividends Accumulated depreciation Jul 1 Depreciation expense Net income 55,000 7,000 62,000 63,000 82,000 125,000 Jul 31 Jul 31 The July accounting records of Star Systerns, Inc. include these accounts: click the icon to view the accounts) Requirement 1. Compute Star Systems, Inc.'s net cash provided by operating activities during July. Use the Indirect method. (Use parentheses or a minus sign for numbers to be subtracted) 82000 7000 Cash flows from operating activities: Net income Adjustments to reconcile not income to net cash provided by used for) Operating activities Depreciation expense Decrease in accounts receivable Increase in invertory Increase in accounts payable Not cash provided by used for operating activities