Question: Use the following information to perform the calculations below (using the indirect method). Net income $620,000 Beginning accounts payable $129,000 Depreciation expense 92,000 Ending accounts

 Use the following information to perform the calculations below (using the

Use the following information to perform the calculations below (using the indirect method). Net income $620,000 Beginning accounts payable $129,000 Depreciation expense 92,000 Ending accounts payable 146,000 Beginning accounts receivable 428,900 Purchase of long-term assets 714,000 Ending accounts receivable 438,000 Issuance of long-term debt 289,000 Beginning inventory 522,000 Issuance of stock for cash 162,000 Ending inventory 557,000 Issuance of stock for long-term assets 105,000 Beginning prepaid insurance 43,200 Purchase of treasury stock 69,000 Ending prepaid insurance 47,800 Sale of long-term investment at cost 54,000 (a) Calculate the amount of cash flows from operating activities. (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flows from operating activities $

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