Use the following information to perform the calculations below (using the indirect method).

Net income		$520,000		Beginning accounts payable		$117,000
Depreciation expense		100,000		Ending accounts payable		151,000
Beginning accounts receivable		426,200		Purchase of long-term assets		603,000
Ending accounts receivable		431,000		Issuance of long-term debt		205,000
Beginning inventory		523,000		Issuance of stock for cash		174,000
Ending inventory		551,000		Issuance of stock for long-term assets		110,000
Beginning prepaid insurance		40,300		Purchase of treasury stock		67,000
Ending prepaid insurance		47,000		Sale of long-term investment at cost		56,500

1.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 $________

2. Calculate the amount of cash flows from investing 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 investing activities $___________

3. Calculate the net change in cash.

Net (increase or decrease) in cash $___________