Changes in various accounts and gains and losses on the sale of assets during the year for Argon Company are given below: Item Amount Accounts receivable $ 72,000 decrease Inventory $ 115,000 decrease Prepaid expenses $ 3,200 decrease Accounts payable $ 49,000 decrease Accrued liabilities $ 9,300 increase Income taxes payable $ 15,500 increase Sale of equipment $ 8,000 loss Sale of long-term investments $ 12,300 gain Required: For each item, indicate whether the dollar amount should be added to or deducted from net income under the indirect method when computing the net cash provided by operating activities for the year.

Changes in various accounts and gains and losses on the sale of assets during the year for Argon Company are given below: Amount $ 72,000 decrease $ 115,000 decrease $ 3,200 decrease $ 49,000 decrease $ 9,300 increase $ 15,500 increase $ 8,000 loss $12,300 gain Item Accounts receivable Prepaid expenses Accounts payable Accrued liabilities Income taxes payable Sale of equipment Sale of long-term investments Required For each item, indicate whether the dollar amount should be added to or deducted from net income under the indirect method when computing the net cash provided by operating activities for the year Amount Effect em Accounts receivable Inventory Prepaid expenses Accounts payable Accrued liabilities Income taxes payable Sale of equipment Sale of long-term investments 72,000 115,000 3,200 49,000 9.300 15,500 8,000 12,300 $