Cash flows from (used for) operating activities-indirect method The income statement disclosed the following items for the year: Depreciation expense Gain on disposal of equipment Net income The changes in the current asset and liability accounts for the year are as follows: Accounts receivable Inventory Prepaid insurance Accounts payable Income taxes payable Dividends payable $37,800 22,050 273,600 X Open spreadsheet Increase (Decrease) $5,890 (3,350) (1,260) (3,990) 1,260 880 K This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method. Use the minus s flows, cash payments, decreases in cash, or any negative adjustments.

Cash flows from (used for) operating activities-indirect method The income statement disclosed the following items for the year: Depreciation expense Gain on disposal of equipment Net income $37,800 22,050 273,600 The changes in the current asset and liability accounts for the year are as follows: Accounts receivable Inventory Prepaid insurance. Increase (Decrease) $5,890 (3,350) (1,260) (3,990) 1,260 Accounts payable Income taxes payable Dividends payable 880 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer X Open spreadsheet a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method. Use the minus s flows, cash payments, decreases in cash, or any negative adjustments.