Use the following information to perform the calculations below (using the indirect method). Net income $700,000...

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Use the following information to perform the calculations below (using the indirect method). Net income $700,000 Beginning accounts payable $127,000 Depreciation expense 98,000 Ending accounts payable 149,000 Beginning accounts receivable 420,200 Purchase of long-term assets 672,000 Ending accounts receivable 440,000 Issuance of long-term debt 273,000 Beginning inventory 526,000 Issuance of stock for cash 155,000 Ending inventory 552,000 Issuance of stock for long-term assets 103,000 Beginning prepaid insurance 43,800 Purchase of treasury stock 65,500 Ending prepaid insurance 48,900 Sale of long-term investment at cost 53,500 (a) Your answer is correct. 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 769100 eTextbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 5 Attempts: 2 of 8 used (b) 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 $ Use the following information to perform the calculations below (using the indirect method). Net income $700,000 Beginning accounts payable $127,000 Depreciation expense 98,000 Ending accounts payable 149,000 Beginning accounts receivable 420,200 Purchase of long-term assets 672,000 Ending accounts receivable 440,000 Issuance of long-term debt 273,000 Beginning inventory 526,000 Issuance of stock for cash 155,000 Ending inventory 552,000 Issuance of stock for long-term assets 103,000 Beginning prepaid insurance 43,800 Purchase of treasury stock 65,500 Ending prepaid insurance 48,900 Sale of long-term investment at cost 53,500 (a) Your answer is correct. 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 769100 eTextbook and Media Using multiple attempts will impact your score. 10% score reduction after attempt 5 Attempts: 2 of 8 used (b) 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 $