The July accounting records of Star Systems, Inc. include these accounts:

Requirement

Compute Star System, Inc.’s net cash provided by operating activities during July. Use the indirect method?

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Cash 6,000 Payments 495,000 Accounts Reoeivable 500,000 19,000 Collections 486,000 10,000 Accounts Payable Jul 1 Receipts Jul 31 Jul 1 495,000 Sales Jul 31 1,000 Inventory 26,000 Cost of goods sold 335,000 336,000 27,000 328,000 Jul 1 Purchases | Jul 31 Payments 12,000 336,000 20,000 Jul 1 Purchases Jul 31 Accumulated Depreciation Retained Earnings 20,000 Jul 1 Net income 63,000 55,000 Jul 1 Depreciation expense 7.000 1 Jul 31 Dividends 82.000 125,000 62,000 | Jul 31