Using the Indirect Method,calculate the Amount of Net Cash Flows

question 29

Essay

Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
$\begin{array}{llll}\text { Net Income } & \$ 63,000 & \text { Beginning Accounts Payable } & \$ 3,000 \\\text { Beginning Accounts } & & \text { Ending Accounts Payable } & 2,800 \\\text { Receivable } & 5,000 & \text { Denreciation Expense } & 10,200\\ \text { Ending Accounts Receivable } & 4,400 & \text { Amortization of Intangible } & \\\text { Beginning Prepaid Expenses } & 1,000 & \text { Assets } & 800 \\\text { Ending Prepaid Expenses } & 1,400 & \text { Dividends Declared and Paid } & 2,200\end{array}$