Suppose your company sells goods for $$320,$ of which $$210$ is received in cash and $$110$ is on account. The goods cost your company $$129$ and were paid for in a previous period. Your company also recorded salaries and wages of $$80,$ of which only $$32$ 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 $2).$