The accounting records of The Dakota Trading Post Company include these accounts

Requirement
1. Prepare the company's net cash provided by (used for) operating activities section of statement of cash flows for the month of October. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell?

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Cash Accounts Receivable Inventory Oct90,000 Receipts 460,000 Payments 445,000 Credit sales 540,000 Collections 440,000 Purchases 438,000 Cost of Sales 336,000 Oct 31 105,000 Oct 1 1,000 Oct 1 3,000 Oct 31 101,000 Oct 31105,000 Equipment Accumulated Deprec.-Equipment Accounts Payable 13,000 ation 1,000 Payments 332,000 Purchases 438,000 119,000 Oct 1 Oct 1 182,000 uisition 3,000 Oct 31 185,000 Oct 1 57,000 Oct 31 58,000 Oct 31 Accrued Liabilities Retained Earnings Oct 64,000 Payments 30,000 Accruals 27,000 Dividend17,000 Net Income 35,000 Oct 3182,000 Oct 19,000 Quarterly Oct 3116,000