Use the Following Information to Perform the Calculations Below (Using

question 76

Essay

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.
$$\begin{array} { l r l r } \text { Net income } & \$ 401,000 & \text { Beginning accounts payable } & \$ 119,000 \\\text { Depreciation expense } & 97,000 & \text { Ending accounts payable } & 146,000 \\\text { Beginning accounts receivable } & 420,000 & \text { Purchase of long-term assets } & 612,000 \\\text { Ending accounts receivable } & 439,000 & \text { Issuance of long-term debt } & 220,000 \\\text { Beginning inventory } & 516,000 & \text { Issuance of stock for cash } & 180,000 \\\text { Ending inventory } & 550,000 & \text { Issuance of stock for long-term assets } & 110,000 \\\text { Beginning prepaid insurance } & 42,000 & \text { Purchase of treasury stock } & 64,000 \\\text { Ending prepaid insurance } & 48,000 & \text { Sale of long-term investment at cost } & 56,000\end{array}$$

a. Calculate the amount of cash flows from operating activities. _____________
b. Calculate the amount of cash flows from investing activities. _____________
c. Calculate the amount of cash flows from financing activities. _____________
d. Calculate the net change in cash. _____________

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Definitions:

Manager's Choice

Decisions made by a manager or leader within an organization, often involving strategic selections or directions for a team or project.

Mediator Flexibility

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Socio-emotional Experts

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