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Northeast Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash

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Northeast Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from operating activities using the indirect method: Net income Gain on the sale of equipment Proceeds from the sale of equipment Depreciation expense-equipment Payment of bonds at maturity Purchase of land Issuance of common stock Increase in merchandise inventory Decrease in accounts receivable Increase in accounts payable Payment of cash dividends $182,000 12,300 92,300 50,000 100,000 200,000 300,000 35,400 28,800 23,700 32,000

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