*correction:

1. How much is the ADJUSTED NET INCOME?

Use the following date for items 1-5 Moon Company provided the following data for the preparation of the Statement of Cash Flows for the current year: Q1 How much is the NET INCOME? Q2 Using the indirect method, how much should be reported as cash flow operation activities? Q3 How much should be reported as cash flow from investing activities? Q4 How much should be reported as cash flow from financing activities? Q1 How much is the cash ending balance? Cash, beginning Increase in Accounts Receivable Decrease in Income Tax Payable Depreciation Expense Net Income Gain on Sale of Equipment Loss on Sale of Building Purchase of New Equipment Proceeds from Old Equipment Notes Payable - Jan. 1 Notes Payable - Dec. 31 Proceeds from Old Building 25,000 300,000 170,000 1,000,000 500,000 440,000 210,000 1,550,000 1,000,000 3,000,000 2,000,000 1,200,000