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  1. business
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  3. use the following information to perform the calcu

Use the following information to perform the calculations below (using the indirect method). -Net income...

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Accounting

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Use the following information to perform the calculations below (using the indirect method). -Net income $650,000 Beginning accounts payable $125,000 Depreciation expense 98.000 Ending accounts payable 147,000 Beginning accounts receivable 420,900 Purchase of long-term assets 600.000 Ending accounts receivable 446,000 Issuance of long-term debt 262,000 Beginning inventory $18,000 Issuance of stock for cash 158.000 Ending inventory 574.000 Issuance of stock for long-term assets 120,000 Beginning prepaid insurance 40.800 Purchase of treasury stock 69.500 Ending prepaid insurance 49,900 Sale of long-term investment at cost 52,500 (a) Calculate the amount of cash flows from operating activities, (Show count that decrease cash flow with either a-signes -15,000 or In parenthesis es. (15,0001 Cash flows from operating activities $

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