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Oriole Company had net income of $201,500 in 2020 . Depreciation expense for the year is $51,300 . During the year, Accounts Receivable increased $9,300
Oriole Company had net income of
$201,500
in 2020 . Depreciation expense for the year is
$51,300
. During the year, Accounts Receivable increased
$9,300
and Prepaid Expenses decreased
$2,300
. The company also sold equipment at a loss of
$4,300
.\ Calculate net cash flows from operating activities using the indirect method.\ Net cash flows from operating activities\
$
Oriole Company had net income of $201,500 in 2020 . Depreciation expense for the year is $51,300. During the year, Accounts Receivable increased $9,300 and Prepaid Expenses decreased $2,300. The company also sold equipment at a loss of $4,300. Calculate net cash flows from operating activities using the indirect method. Net cash flows from operating activities
Oriole Company had net income of
$201,500
in 2020 . Depreciation expense for the year is
$51,300
. During the year, Accounts Receivable increased
$9,300
and Prepaid Expenses decreased
$2,300
. The company also sold equipment at a loss of
$4,300
.\ Calculate net cash flows from operating activities using the indirect method.\ Net cash flows from operating activities\
$
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