le statement of cash flows using the indirect method. 2. Explain why cash flows from operating activities are different from profit. Exercise 16-4 Calculating cash flows from operating activities (indirect method) LOS CHECK FIGURE: 1. Net cash inflow from operating activities = $383,510 Green Forest Corp.'s 2020 income statement showed the following: profit, $292,600; depreciation expense, uilding, $43,000; depreciation expense, equipment, $6,630; and gain on sale of equipment, $7,000. An exam- ution of the company's current assets and current liabilities showed that the following changes occurred 1000000000008BBBBBB888000000OORBUND CHAPTER 16 Reporting and Analying Cash Flows because of ope $43.000: prepa increased $1,190 of operating activities: accounts receivable decreased $14.55o merchandise inventory repaid expenses increased $3,030, accounts payable decreased 7.410, and other curren 190. Use the indirect method to calculate the cash flow from operating activities. chandise inventory decreased $0, and other current payables 5 Analyzing cash inflows and outflows LO1, 5, 6 Exercise 16-5 An (in thousands) Fraser Travis inflow (outflow from operating activities inflow (outflow from investing activities eeds from sale of plant and equipment... Singh $ 56,000 $ 64,000 $27.200)