Question: Question # 3 Cash flows from operating activities-indirect method Demers Inc. reported the following data: Net income Depreciation expense Gain on disposal of equipment Decrease

Question # 3 Cash flows from operating activities-indirect method Demers Inc.

Question # 3 Cash flows from operating activities-indirect method Demers Inc. reported the following data: Net income Depreciation expense Gain on disposal of equipment Decrease in accounts receivable Decrease in accounts payable $490,000 52,000 26,500 32,400 12,350 Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method

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