$	$
Total adjustments
Net cash flows from operating activities

Question 4 Computation of operating cash flows (indirect method) The financial statements of Custom Corporation provide the following information for the current year: Accounts receivable Inventory Short-term prepayments Accounts payable (for merchandise) Accrued operating expenses payable Accrued income taxes payable Net sales Cost of goods sold Operating expenses (including depreciation of $40,000) Income taxes expense Using this information, compute for the current year: End of Year $201,000 $249,000 $12,000 $177,000 $9,500 $170,000 $25,500 $33,200 $12,600 $15,500 $801,000 $465,000 $300,000 $39,000 Beginning of Year $221,000 $233,000 Custom Corporation Statement of Cash Flows FY20xx