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Use the following information to perform the calculations below (using the indirect method). Net income Depreciation expense Beginning accounts receivable Ending accounts receivable Beginning inventory
Use the following information to perform the calculations below (using the indirect method). Net income Depreciation expense Beginning accounts receivable Ending accounts receivable Beginning inventory Ending inventory Beginning prepaid insurance Ending prepaid insurance $620,000 92,000 428,900 438,000 522,000 557,000 43,200 47,800 Beginning accounts payable Ending accounts payable Purchase of long-term assets Issuance of long-term debt Issuance of stock for cash Issuance of stock for long-term assets Purchase of treasury stock Sale of long-term investment at cost $129,000 146,000 714,000 289,000 162,000 105,000 69,000 54,000 Calculate the amount of cash flows from operating activities. (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flows from operating activities ta $ 680,300 Calculate the amount of cash flows from investing activities. (Show amount that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Cash flows from investing activities $
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