0 Com The continuing in cont you new MA Exercise 11-45 (Algorithmic) Partial Statement of Cash Flows Service Company had net income during the current year of 599,000. The following information was obtained from the balance sheet of Service Company: Accounts receivable $21.100 increase Inventory 28,700 increase Accounts payable 14,240 decrease Interest payable 3,180 increase Accumulated depreciation, building 12,340 Increase Accumulated depreciation, equipment 27,800 Increase Additional Information 1. Equipment with accumulated depreciation of $15,000 was sold during the year. 2. Cash dividends of $36,000 were paid during the year. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate arvy decreases in cash or cash out how Service Company Net Cash Flows from Operating Activities Using Indirect Method Cash flows from operating activities Adjustments to reconcle net income to net cash flow from operating activities Check My Work 10 more Check My Work uses remaining Previous Next Accumulated depreciation, equipment 27,800 increase Additional Informations 1. Equipment with accumulated depreciation of $15,000 was sold during the year. 2. Cash dividends of $36,000 were paid during the year. Required: Prepare the net cash flows from operating activities using the Indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Service Company Net Cash Flows from Operating Activities Using Indirect Method Cash flows from operating activities I o Adjustments to reconcile net income to net cash flow from operating activities: Net cash provided by operating activities