Question: E16-19 Computing operating activities cash flowindirect method The records of Vintage Color Engraving reveal the following: Net income $ 36,000 Depreciation expense $ 5,000 Sales

E16-19 Computing operating activities cash flowindirect method

The records of Vintage Color Engraving reveal the following: Net income $ 36,000 Depreciation expense $ 5,000 Sales revenue 53,000 Decrease in current liabilities 19,000 Loss on sale of land 4,000 Increase in current assets other than cash 10,000 Acquisition of land 35,000 Compute cash flows from operating activities by the indirect method for year ended December 31, 2018.

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