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Use the following information to perform the calculations below (using the indirect method). Net income $430,000 Beginning accounts payable $122,000 Depreciation expense 98,000 Ending
Use the following information to perform the calculations below (using the indirect method). Net income $430,000 Beginning accounts payable $122,000 Depreciation expense 98,000 Ending accounts payable 149,000 Beginning accounts receivable 424,200 Purchase of long-term assets 638,000 Ending accounts receivable 445,000 Issuance of long-term debt 279,000 Beginning inventory 514,000 Issuance of stock for cash 171.000 Ending inventory 576,000 Issuance of stock for long-term assets 105,000 Beginning prepaid insurance 41,200 Purchase of treasury stock 70,000 Ending prepaid insurance 48,200 Sale of long-term investment at cost 58,500 Calculate the amount of cash flows from operating activities. (Show amount that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg. (15,000).) Cash flows from operating activities $ eTextbook and Media
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