Question: S 16-3 (Algo) Indirect: Computing cash flows from operations LO P2 Bryant Company reports net income of $22,400. For the year, depreciation expense is $9,400

S 16-3 (Algo) Indirect: Computing cash flows from operations LO P2 Bryant Company reports net income of $22,400. For the year, depreciation expense is $9,400 and the company reports a gain of $5,400 from sale of machinery. It also had a $4,400 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. Answer is not complete. Cash Flows from Operating Activities (Indirect) Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Gain on sale of machinery Loss on retirement of notes $ 22,400 9,400 (5,400) 4,400 $ 30,800

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