Increase in supplies of

$5,000

\ II.

$7,500

depreciation expense\ III. Loss on sale of land for

$2,500

\ IV. Decrease in accounts payable of

$5,000

\ V. Increase in accounts receivable of

$7,250

\ If the net income was

$600,000

, what would the net cash flows from operating activities be using the indirect method?\ a.

$600,000

\ b.

$592,750

\ c.

$632,250

\ d.

$577,250

If the net income was $600,000, what would the net cash flows from operating activities be using the indirect method? a. $600,000 b. $592,750 c. $632,250