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Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn
Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records:
| Beg. Bal. | End. Bal. | |||||||
| Accounts receivable | $ | 32,250 | $ | 42,700 | ||||
| Prepaid insurance | 6,850 | 3,700 | ||||||
| Accounts payable | 26,250 | 28,500 | ||||||
| Unearned revenue | 8,650 | 6,500 | ||||||
Net income for the period was $67,000. What is the net cash flows from operating activities?
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