Question: Use the following information to perform the calculations below (using the indirect method). Clearly label the amount of each answer as positive or negative and

Use the following information to perform the calculations below (using the indirect method). Clearly label the amount of each answer as positive or negative and show all your calculations Net income $401,000 Beginning accounts payable $119,000 Depreciation expense 97.000 Ending accounts payable 145,000 Beginning accounts receivable 420.000 Purchase of long-term assets 612,000 Ending accounts receivable 439,000 Issuance of long-term debt 220,000 Beginning inventory 516,000 Issuance of stock for cash 180,000 Ending Inventory 550.000 Issuance of stock for long-term assets 110,000 Beginning prepaid insurance 42,000 Purchase of treasury stock 64,000 Ending prepaid insurance 45,000 Sale of long-term investment at cost 56,000 Calculate the amount of cash flows from operating activities (Show amounts that decrease cash flow with other a sign .g. 15,000 or in parenthesis .. (15,000).) Cash flows from operating activities Calculate the amount of cash flows from investing activities. (Show amount that decrease cash flow with either a sign .g.-15.000 or in parenthesse.g. (15,000).) Cash flows from Investing activities Calculate the amount of cash flows from operating activities. (Show amounts that decrease cash flow with either a signe..-15,000 or in parenthesis e.g. (15.04 Cash flows from operating activities Calculate the amount of cash flows from investing activities. (Show amounts that decrease cash flow with either a - signe.g. - 15,000 or in parenthesis e.g. (15,000 Cash flows from investing activities Calculate the amount of cash flows from financing activities, (Show amounts that decrease cash flow with either sign 15.000 or in parenthesis (15,000 Cash flows from financing activities Calculate the net change in cash, Net change in cash
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