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Reporting Net Cash Flow from Operating Activities The income statement for Granvilie Manufacturing Company is presented below. The following balance sheet changes occurred during the

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Reporting Net Cash Flow from Operating Activities The income statement for Granvilie Manufacturing Company is presented below. The following balance sheet changes occurred during the year: - Accounts recelvable increased by $182,400. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $42,750. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $42,750. - Salaries payable increased by $52,270. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or casi outflows. Granville Manufacturing Company Net Cash Flows from Operating Activities (Indirect Method)

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