Featherstone Inc. reported the following data: Net income ................................... $296,000 Depreciation expense ................... 113,100 Gain on disposal

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Featherstone Inc. reported the following data:

Net income ................................... $296,000
Depreciation expense ................... 113,100
Gain on disposal of equipment ...... 58,500
Decrease in accounts receivable .... 71,300
Decrease in accounts payable ........ 27,100

Prepare the Cash flows from (used for) operating activities section of the statement of cash flows, using the indirect method.

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Related Book For  answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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