QS $12-3($Static$)$ Indirect: Computing cash flows from operations LO P$2$

Bryant Company reports net income of $$20,000.$ For the year, depreciation expense is $$7,000$ and the company reports a gain of

$$3,000$ from sale of machinery. It also had a $$2,000$ loss from retirement of notes. Compute cash flows from operations using the

indirect method.

Note: Amounts to be deducted should be indicated by a minus sign.