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Selected accounts from the balance sheet of the Local Beach Brewery are below: Accounts Receivable Inventory Prepaid Expenses Accounts Payable 12/31/21 12/31/20 $36,000 $28,000 $54,000
Selected accounts from the balance sheet of the Local Beach Brewery are below: Accounts Receivable Inventory Prepaid Expenses Accounts Payable 12/31/21 12/31/20 $36,000 $28,000 $54,000 $36,000 $13,000 $18,000 $34,000 $14,000 In addition Local Beach had net income of $49.000 and depreciation expense of $6,000. Using the indirect method, what are the cash flows provided by operating during 2021? $56,000 $41.000 553,000 $54.000
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