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Required information E12-4 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO122] [The followng information apples to the questions displayed beiow] Suppose your compony sells services of $180 in exchange lor $135 cash and $45 on account Depreciation of $65 relating to equipmen also is recorded E12-4 (Algo) Part 2, 3 and 4 2 Calcuibte the amount that should be reported as net cosh flow from operating activities. 3. Colculate the omount that should be reported as net income. 4. Show how the indirect method would convent net income (requerement 3) to net cash fiow from operating octivities (tiequirensent 2 : Comptete this question by entering your answers in the tabs below. Calculate the amount that should be reported as net cash flow from operating activites Required information E12-4 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Methoc) [LO122] [The following information opples to the questions displayed below] Suppose your company sells services of $180 in exchange for $135 cash and $45 on account Depreciation of $65 relating to equipment also is recorded E12.4 (Algo) Part 2, 3 and 4 2. Calculate the amount thel shouki be reported as net cosh flow from operating activbes: 3. Colculate the amount that should be reported as netincome 4. Show how the indirect method would convedt net income (fequitement 3) to net cash fow from operating activities (requiement 2) Complete this question by entering your answers in the tabs below. Gakculate the amount that thould be reported as net incomat Required information E12. 4 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect-Method) [LO122] The folowing information apples to the questions displayed below] Suppose your company selts services of $180 in exehange for $135 cash and $45 on occount Depreciation of $65 telaung to equ poent alio is recorded. E12.4 (Algo) Part 2, 3 and 4 2. Calculate the anount that shoud be reponted of net cash now from operating activites 3. Caiculate the emount that shovid be reported as net inconve. 4. Show how the indirect meahod wodki convert net income (requrement 3 to net cash fow fiom operating activities (requirentent 2 ) Complete this question by entering your answers in the tabs below. Show how the indireck method would convert net income (requirement 3) to net eath flow from operating activities (requirement 2). (Ampounts to be deducted should be indicated with a minus aign)