D Question 1 Using the indirect method, determine the amount of cash flows from operating activities Net income Gain on the sale of equipment Proceeds from the sale of equipment Depreciation expense-equipment Payment of bonds at maturity Purchase of land Issuance of common stock Increase in merchandise inventory Decrease in accounts receivable Increase in accounts payable Payment of cash dividends $ 182,000 12,300 92,300 50,000 100,000 200,000 300,000 35,400 28,800 23,700 32,000