2015 2015 Income statement: Net Income Depreciation Expense $385,000 Amortization of Intangible Assets 135,000 Gain on...

 

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2015 2015 Income statement: Net Income Depreciation Expense $385,000 Amortization of Intangible Assets 135,000 Gain on Sale of Plant Assets 40,000 90,000 Loss on Sale of Investments 35,000 Balance sheet: Accounts Receivable. Inventory $335,000 $380,000 503,000 575,000 Prepaid Expenses Accounts Payable (to merchandise suppliers) Accrued Expenses Payable 22,000 13,000 379,000 410,000 180,000 155,000 Using this information, prepare a partial statement of cash flows for the year ended December 31 2015, showing the computation of net cash flows from operating activities by the indirect method 2015 2015 Income statement: Net Income Depreciation Expense $385,000 Amortization of Intangible Assets 135,000 Gain on Sale of Plant Assets 40,000 90,000 Loss on Sale of Investments 35,000 Balance sheet: Accounts Receivable. Inventory $335,000 $380,000 503,000 575,000 Prepaid Expenses Accounts Payable (to merchandise suppliers) Accrued Expenses Payable 22,000 13,000 379,000 410,000 180,000 155,000 Using this information, prepare a partial statement of cash flows for the year ended December 31 2015, showing the computation of net cash flows from operating activities by the indirect method