Question: Add to a creation % Edit & Create Cempte Corporation prepares its statement of cash flows using the indirect method to report opening activities Net

 Add to a creation % Edit & Create Cempte Corporation prepares

Add to a creation % Edit & Create Cempte Corporation prepares its statement of cash flows using the indirect method to report opening activities Net income for the 2021 fiscal year was $624,000. Depredation and amortization expense of 587.000 was induded with operating expenses in the income statement. The following information describes the chane in current assets and liabilities other than cash Decrease in accounts receivable $ 22,000 9.200 Increase in inventory 8,500 Increase in prepaid expenses 10,000 Increase in salaries payable Decrease in income taxes payable 14,000 Required: Calculate net cash flows from operating activities using indirect method (Amounts to be deducted should be indicated with a minus sign.) 0

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