Question: Could you help to solve this task? To determine net cash flows from operating activities using the indirect method V3 During 2019, Minh Corporation had

Could you help to solve this task? To determine net cash flows from operating activities using the indirect method

V3 During 2019, Minh Corporation had a net income of $144,000. Ordinary share capital was $200,000 (200,000 shares at $1 par value) Included on its income statement were depreciation expense of $16,000, amortization expense of $1,800 and impairment loss of $200. During the year, Accounts Receivable decreased by $8,200, Inventories increased by $5,400, Prepaid Expenses decreased by $1,000, Accounts Payable decreased by $14,000, and Accrued Liabilities decreased by $1,700. PPE was sold for $600 (cost was $1,300, accumulated depreciation was $700). Share capital was issued during the year (01 March 1/10 bonus issue was made, 01 November 30, 000 shares were sold for $1,3 each). Dividends were paid for $700 and declared for $1500. Use the indirect method to determine net cash flows from operating activities
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