Roy Brothers reported net income of $712,500 for the year just ended. The following information was...

 

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Roy Brothers reported net income of $712,500 for the year just ended. The following information was available from Roy Brothers' financial statements: Decrease in taxes payable Decrease in inventory Depreciation Expense $36,000 $137,400 $40,200 Increase in accounts receivable $128,550 Increase in wages payable Loss from sale of PP&E $71,220 $43,860 Calculate the company's net cash flow from operating activities using indirect method. Roy Brothers reported net income of $712,500 for the year just ended. The following information was available from Roy Brothers' financial statements: Decrease in taxes payable Decrease in inventory Depreciation Expense $36,000 $137,400 $40,200 Increase in accounts receivable $128,550 Increase in wages payable Loss from sale of PP&E $71,220 $43,860 Calculate the company's net cash flow from operating activities using indirect method.