The accounting records of North East Distributors, Inc., reveal the following:

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Required

Compute cash flows from operating activities by the indirect method. Also evaluate the operating cash flow of North East Distributors. Give the reason for your evaluation.

Begin by completing the cash flows from operating activities. (Round your answers to the nearest whole number. Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.)

	Cash flows from operating activities:
	Adjustments to reconcile net income to
	net cash provided by (used for) operating activities:
	Net cash provided by (used for) operating activities

Evaluate the operating cash flow of

North East

Distributors. Give the reason for your evaluation. Operating cash flow is

strong

weak

, as shown by the

negative

positive

cash flows from operating activities. Usually, net cash provided by operations is

negative because of depreciation expense

positive because of the depreciation add-back

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	Net income. . . . . . . . . . . . . . . . . . . .	$47,324	Depreciation. . . . . . . . . . . . . . . . . .	$6,761
	Collection of dividend revenue. . . .	8,000	Decrease in current liabilities. . . .	28,169
	Payment of interest. . . . . . . . . . . . .	13,521	Increase in current assets
	Sales revenue. . . . . . . . . . . . . . . . .	345,915	other than cash. . . . . . . . . .	32,676
	Gain on sale of land. . . . . . . . . . . . .	29,296	Payment of dividends. . . . . . . . .	8,676
	Acquisition of land. . . . . . . . . . . . . .	39,437	Payment of income tax. . . . . . . . .	15,775

Data table

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