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Please use the indirect method to answer the following four questions, based on the information for Armstrong Company. You MUST show work and / or

Please use the indirect method to answer the following four questions, based on the information for Armstrong Company. You MUST show work and/or calculations for ANY or partial credit. (12 points)
Net income
Depreciation expense
Decrease in accts. receiv.
Increase in inventories
$450
80
20
15
Increase in plant and equip.
Payment of dividends
Increase in long-term debt
Decrease in accounts payable
$170
10
100
30

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