Question: Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn

Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records:

Beg. Bal. End. Bal.
Accounts receivable $ 32,250 $ 42,700
Prepaid insurance 6,850 3,700
Accounts payable 26,250 28,500
Unearned revenue 8,650 6,500

Net income for the period was $67,000. What is the net cash flows from operating activities?

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