Question 3 of 3 < Use the following information to perform the calculations below (using the indirect method), Net income $550,000 Beginning accounts payable $110,000 Depreciation expense 94,000 Ending accounts payable 141,000 Beginning accounts receivable 429,100 Purchase of long-term assets 731,000 Ending accounts receivable 446,000 Issuance of long-term debt 265,000 Beginning inventory 511,000 Issuance of stock for cash 182,000 Ending inventory 568,000 Issuance of stock for long-term assets 102.000 Beginning prepaid insurance 42,300 Purchase of treasury stock 70,000 Ending prepaid insurance 46,500 Sale of long-term investment at cost 52,500 (a) Your answer is incorrect. 0/7 E Calculate the amount of cash flows from operating activities. (Show amount that decrease cash flow with either a sign es-15,000 or in parenthesis eg. (15,000).) Cash flows from operating activities $