Use the following information to perform the calculations below (using the indirect method). Net income $460,000...

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Use the following information to perform the calculations below (using the indirect method). Net income $460,000 Beginning accounts payable $125,000 Depreciation expense 98.000 Ending accounts payable 154,000 Beginning accounts receivable 426,400 Purchase of long-term assets 719,000 Ending accounts receivable 431,000 Issuance of long-term debt 283,000 Beginning inventory 510,000 Issuance of stock for cash 180,000 Ending inventory 575,000 Issuance of stock for long-term assets 119,000 Beginning prepaid insurance 40,500 Purchase of treasury stock 69,000 Ending prepaid insurance 49,700 Sale of long-term investment at cost 57,500 Use the following information to perform the calculations below (using the indirect method). Net income $460,000 Beginning accounts payable $125,000 Depreciation expense 98.000 Ending accounts payable 154,000 Beginning accounts receivable 426,400 Purchase of long-term assets 719,000 Ending accounts receivable 431,000 Issuance of long-term debt 283,000 Beginning inventory 510,000 Issuance of stock for cash 180,000 Ending inventory 575,000 Issuance of stock for long-term assets 119,000 Beginning prepaid insurance 40,500 Purchase of treasury stock 69,000 Ending prepaid insurance 49,700 Sale of long-term investment at cost 57,500