Required Information

$[$The following information applies to the questions displayed below.$]$

Suppose your company sells goods for $$440,$ of which $$270$ is recelved in cash and $$170$ is on account. The goods cost

your company $$153$ and were pald for in a previous perlod. Your company also recorded salarles and wages of $$140,$ of

which only $$44$ has been paid in cash.

Calculate the amount that should be reported as net cash flow from operating activities.

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 $2).$

Complete this question by entering your answers in the tabs below.

Calculate the amount that should be reported as net cash flow from operating activities.