{The following information applies to the questions displayed below.) Suppose your company sells goods for $310, of which $205 is received in cash and $105 is on account. The goods cost your company $127 and were paid for in a previous period. Your company also recorded salaries and wages of $75, of which only $31 has been paid in cash. 2 Calculate the amount that should be reported as net cash flow from operating activities 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating activities (requirement 2). Complete this question by entering your answers in the tabs below Required 2 Required 3 Required 4 Calculate the amount that should be reported as net cash flow from operating activities [The following information applies to the questions displayed below.] Suppose your company sells goods for $310, of which $205 is received in cash and $105 is on acca your company $127 and were paid for in a previous period. Your company also recorded salaries an which only $31 has been paid in cash. 2. Calculate the amount that should be reported as net cash flow from operating activities. 3. Calculate the amount that should be reported as net income. 4. Show how the indirect method would convert net income (requirement 3) to net cash flow from operating Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Calculate the amount that should be reported as net income. Net Income Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 4 Show how the indirect method would convert net income (requirement 3) to net cash flow from operating acti (requirement 2). (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Net Cash Flow from Operating Activities