Required information E12-5 (Algo) Understanding the Computation of Cash Flows from Operating Activities (Indirect Method) [LO122] [The following information applies to the questions displayed below] Suppose your company sells goods for $420, of which $260 is received in cash and $160 is on account. The goods cost your company $149 and were paid for in a previous period. Your company also recorded salaries and wages of $130, of which only $42 has been paid in cash. =125 (Algo) Part 2, 3 and 4 2. Calculate the amount that should be reported as net cash flow from operating actlvities. 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requireme Calculate the amount that should be reported as net cash flow from operating activities. Complete this lquestion by entering your answers in the tabs below. Calculate the amount that should be reported as net income. Show how the indirect method would convert net income (requirement 3 ) to net cash flow from operating activities (requirement 2). (Amounts to be deducted should be indicated with a minus sign.)