Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Madison reported net income of $30,000 for the year ended December 31 . In addition, Madison repaid $31,000 of the notes payable during the year. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). X Reporting Net Cash Flow from Operating Activities The following information is available for Bernard Corporation: equired: Compute the net cash flows from operating activities using the indirect method. X Feedback F Check My Work The calculation of net cash flow from operating activities requires adjustments to net income for noncash items, gains or losses, and changes in current assets and liabilities. Start with net income and consider any noncash items as well as gains or losses. Next, analyze the changes in the balance sheet accounts to determine their effect on cash. (Remember to restate the fundamental accounting equation in terms of changes, separate the cash and noncash assets, and isolate the change in cash.) Finally, total to determine the net cash flow for operating assets