se 1: Company. Use the indirect method to answer questions 14 and 15. 2 3 Net income $450 $170 5 6 80 1 90 Purchase of Equipment Proceeds from Equip. Sale Increase in S/T borrowings Repayment of L/T debt 10 100 Depreciation expense Gain on Sale of Equip. Decrease in acct/rec Increase in inventories 20 75 12 15 Payment of dividends 10 -- Decrease in A/P 30 14 15 1 Question 15 (2 points) SOCF: What is Cash Flow From Operations for Gracenat Company? 17 18 O a) $495 20 21 b) $455 d) $555 Question 15 (2 points) SOCF: What is Cash Flow From Operations for Gracenat Company? a) $495 b) $455 c) $555 d) $515 Question 16 (2 points) SOCF: What is Cash Flow From Financing Activities for Gracenat Company? a) $65 b) $15 Oc) $(65) (this is a cash outflow) Question 17 (2 points) SOCF: What is Gracnat's Free Cash Flow? $440 $415 $430 $325