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Print item The net income reported on the income statement for the current year was $251.031. Depreciation recorded on fixed assets and amortization of patents
Print item The net income reported on the income statement for the current year was $251.031. Depreciation recorded on fixed assets and amortization of patents for the year were 537,703, and $10,925, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $35,415 $68,094 Accounts receivable 105,447 120,938 Inventories 91,979 107,477 Prepaid expenses 8,918 4,146 Accounts payable (merchandise creditors) 76,143 52,836 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the Indirect method? Select the correct answer . 5813 4653
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