Use the following information to perform the calculations


Problem - 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                                   $369,000       Beginning accounts payable                      $119,000

Depreciation expense                    97,000           Ending accounts payable                           146,000

Beginning accounts receivable        420,000         Purchase of long-term assets                     612,000

Ending accounts receivable             439,000         Issuance of long-term debt                       200,000

Beginning inventory                       516,000         Issuance of stock for cash                        160,000

Ending inventory                           560,000         Issuance of stock for long-term assets        110,000

Beginning prepaid expenses           42,000           Purchase of treasury stock                        64,000

Ending prepaid expenses               48,000           Sale of long-term investment at cost          39,000

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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Accounting Basics: Use the following information to perform the calculations
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