Question: Malibu Inc. reported the following data: Net income ............$393,750 Depreciation expense .......... 67,500 Loss on disposal of equipment .... 27,450 Increase in accounts receivable ......

Malibu Inc. reported the following data:
Net income ............$393,750
Depreciation expense .......... 67,500
Loss on disposal of equipment .... 27,450
Increase in accounts receivable ...... 24,300
Increase in accounts payable ...... 12,600
Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method.

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