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The balance sheets for 2004 and 2003 for Columbia Sportswear are attached. In addition, Columbia reported the following information: 2004 net income was $138,624. Tax
The balance sheets for 2004 and 2003 for Columbia Sportswear are attached. In addition, Columbia reported the following information: 2004 net income was $138,624. Tax expense was $76,297. Sold property, plant and equipment for $40 cash and recognized a loss of $541. Sold held-to-maturity investments for cash at original cost (i.e., there was no gain or loss). Depreciation of plant, property and equipment totaled $18,544 in 2004. Amortization of intangible assets totaled $84. Assume all capital expenditures and purchases of other long-term assets were paid in cash. Other liabilities consist of various long-term operating liabilities. Columbia Sportswear Company Statement of Cash Flows For the year ended December 31, 2004 Columbia Sportswear Company Balance Sheet December 31 2004 2003 Assets Cash and cash equivalents Accounts receivable, net , Inventories Prepaid expenses and other current assets Total current assets $130,023 267,653 165.426 32.726 595,828 $104,135 206.024 126,808 22.813 459.780 Held to maturity investments Property, plant and equipment, net Goodwill and other intangibles Total assets 160.205 155.013 38,398 S949.444 160.450 128,247 37.289 $783.766 Liabilities and Shareholders' Equity Accounts payable Accrued Liabilities Income Taxes payable Long-term debt Other liabilities Total liabilities $ 78,309 49.789 11.819 16,434 12.843 169.194 $ 62.432 42,303 8.069 20,931 9,202 142.937 Common Stock & APIC Retained Earnings 164.317 615.933 163.520 477,309 Total liabilities and shareholders' equity $ 949.444 $ 783.766 What is the number of cash flows from Operating Activities using the Indirect Method
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