Question: Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is presented below. The following balance sheet changes occurred during the

 Reporting Net Cash Flow from Operating Activities The income statement for
Granville Manufacturing Company is presented below. The following balance sheet changes occurred
during the year: - Accounts receivable increased by $182,400. - Inventory increased
by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased
by $43,550. The following balance sheet changes occurred during the year: -

Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is presented below. The following balance sheet changes occurred during the year: - Accounts receivable increased by $182,400. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $43,550. The following balance sheet changes occurred during the year: - Accounts recelvable increased by $182,400. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $43,550. - Salaries payable increased by $54,250. Required: Prepare the net cash flows from operating activitles using the indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Granville Manufacturing Company Net Cash Flows from Operating Activities (Indirect Method) For the year ended December 31 - Accounts receivable increased by $182,400. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $43,550. - Salaries payable increased by $54,250. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus s Granville Manufacturing Company Net Cash Flows from Operating Activities (Indirect Method) For the year ended December 31 Cash flows from operating activities: ash flow from operating activities: Net cash provided by operating activities Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to Granville Manufacturing Company Net Cash Flows from Operating Activities (Indirect Method) For the year ended December 31 Cash flows from operating activities: Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating act Net cash provided by operating activities

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