Question 1 of 2 Current Attempt in Progress Use the following information to perform the calculations below (using the indirect method). Net income > Depreciation expense Beginning accounts receivable Ending accounts receivable Beginning inventory Ending inventory Beginning prepaid insurance Ending prepaid insurance ( $520,000 95,000 422,900 450,000 519,000 560,000 44,300 48,300 Beginning accounts payable Ending accounts payable Purchase of long-term assets Issuance of long-term debt Issuance of stock for cash Issuance of stock for long-term assets Purchase of treasury stock Sale of long-term investment at cost $121,000 152,000 784,000 229,000 178,000 108,000 67,500 53,500 1.25/