Ex. 199 Use the following information to perform the calculations below (using the indirect method). Clearly label the amount of each answer as positive or negative and show all your calculations Net income $401,000 Beginning accounts payable $119,000 Depreciation expense 97,000 Ending accounts payable 146,000 Beginning accounts receivable 420,000 Purchase of long-term assets 612,000 Ending accounts receivable 439.000 Issuance of long-term debt 220,000 Beginning inventory 516,000 Issuance of stock for cash 180 000 Ending inventory 550,000 Issuance of stock for long-term assets 110,000 Beginning prepaid insurance 42,000 Purchase of treasury stock 64.000 Ending prepaid insurance 48,000 Sale of long-term investment at cost 56,000 a Calculate the amount of cash flows from operating activities