25. Consider the following financial statement information. What are cash flows from operating activities? Net income...

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25. Consider the following financial statement information. What are cash flows from operating activities? Net income 268,000 Beginning Deferred Rev 26,000 Ending Deferred Rev 20,000 Purchase of new equipment 105,000 Beginning A/R 32,000 Ending A/R 20,000 Depreciation expense 20,000 Gain on sale of equipment 22,000 Loss on sale of investments 44,000 Increase in accumulated depreciation 14,000 Beginning long-term notes 89,000 Ending long-term notes 40,000 25. Consider the following financial statement information. What are cash flows from operating activities? Net income 268,000 Beginning Deferred Rev 26,000 Ending Deferred Rev 20,000 Purchase of new equipment 105,000 Beginning A/R 32,000 Ending A/R 20,000 Depreciation expense 20,000 Gain on sale of equipment 22,000 Loss on sale of investments 44,000 Increase in accumulated depreciation 14,000 Beginning long-term notes 89,000 Ending long-term notes 40,000