Requirement 1. Compute Reber & Associates' net cash provided by operating activities during August. Use the indirect method. (Use parentheses or a minus sign for numbers to be subtracted) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities Decrease in accounts receivable increase in accounts payable Net cash provided by (used for) operating activities Cash Aug 1 7,000 Payments 310,000 Receipts 309,000 Aug 1 Sales Accounts receivable 17,000 Collections 309,000 299,000 Aug 31 6,000 Aug 31 7,000 Inventory Accounts payable Aug 1 28.000 Cost of goods sold 271.000 Payments 271,000 Aug 1 14,000 Purchases 274,000 Purchases 274,000 Aug 31 31,000 Aug 31 17.000 Accumulated depreciation Aug 1 50.000 Depreciation expense 5,000 Aug 31 55,000 Retained earnings Dividends 19,000 Aug 1 64,000 Net income 65,000 Aug 31 110,000