A company generated $124,200 in net income during the year Also during the year, the company recorded $12,800 in depreciation expense and experienced a $2,300 decrease in accounts receivable and a $4,760 increase in accounts payable Required Calculate the company 's operating cash flows using the i...

Cash flows from operating activities Net income 124200 Adjustment to reconcile net ...

A company generated $124,200 in net income during the year. Also during the year, the company recorded

Question:

A company generated $124,200 in net income during the year. Also during the year, the company recorded $12,800 in depreciation expense and experienced a $2,300 decrease in and a $4,760 increase in accounts payable.
Required
Calculate the company's operating cash flows using the indirect method. Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...