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Use the following information to perform the calculations below (using the indirect method). Net income $650,000 Beginning accounts payable $125,000 Depreciation expense 98,000 Ending
Use the following information to perform the calculations below (using the indirect method). Net income $650,000 Beginning accounts payable $125,000 Depreciation expense 98,000 Ending accounts payable 147,000 Beginning accounts receivable 420,900 Purchase of long-term assets 600,000 Ending accounts receivable 446,000. Issuance of long-term debt 262,000 Beginning inventory 518,000 Issuance of stock for cash 158,000 Ending inventory 574,000 Issuance of stock for long-term assets 120,000 Beginning prepaid insurance 40,800 Purchase of treasury stock 69,500 Ending prepaid insurance 49.900 Sale of long-term investment at cost 52,500 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 eTextbook and Media 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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