Noah Inc. prepares its statement of cash flows using the indirect method (the only method we ever discussed in class) and reported the following for Year 1: net income of 52,000 increase in accounts receivable of 3,000 decrease in inventory of 1,000 increase in accounts payable of 5,000 dividends paid of 2,500 loss on sale of fixed asset of 1,500 52,500 51,000 55,000 none of the other answers 56,500