Question: Determining Net Cash Flow from Operating Activities Brandon Inc. reported the following items in its balance sheet and income statement: net income, $105,600; gain on

Determining Net Cash Flow from Operating Activities

Brandon Inc. reported the following items in its balance sheet and income statement: net income, $105,600; gain on disposal of equipment, $10,800; increase in accounts receivable, $6,200; decrease in accounts payable, $14,900; and increase in common stock, $50,000.

Required:

Compute the net cash flows from operating activities using the indirect method.

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