On a statement of cash flows prepared using the indirect method, an increase in accounts payable during the period is: O added to net income to determine net cash provided by operating activities. deducted from net income to determine net cash provided by operating activities. shown as a cash inflow in the investing activities section. shown as a cash inflow in the financing activities section. Solution Corporation reported a decrease in inventory of $34,000. The cost of goods sold for the year was $250,000. There was also a $7,000 decrease in accounts payable from the beginning of the year to the end of the year. What is Newton's cash payment to suppliers for inventory? $277,000 O $223,000 $291,000 $250,000