LO 3 CASH FLOW Computing Cash Flows from Operating Activities: Indirect Method SE 6. During 2011, Minh Corporation had a net income of $144,000. Included on its income statement were depreciation expense of $16,000 and amortization expense of $1,800. 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. Use the indirect method to deter- mine net cash flows from operating activities.

Computing Cash Flows from Operating Activities: Indirect Method SE 6. During 2011, Minh Corporation had a net income of $144,000. Included on its income statement were depreciation expense of $16,000 and amortization expense of $1,800. 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. Use the indirect method to determine net cash flows from operating activities